Ares Acquisition Corporation II (NYSE:AACT) Stock Price Up 7.6% - What's Next?

Ares Acquisition Corporation II (NYSE:AACT - Get Free Report)'s stock price was up 7.6% on Wednesday . The company traded as high as $9.33 and last traded at $9.55. Approximately 640,958 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 567,373 shares. The stock had previously closed at $8.88.Ares Acquisition Corporation II Price PerformanceThe company has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.29. Institutional Investors Weigh In On Ares Acquisition Corporation IIA number of hedge funds and other institutional investors have recently modified their holdings of AACT. Rangeley Capital LLC bought a new position in Ares Acquisition Corporation II during the 2nd quarter worth approximately $135,000. Sage Advisors LLC purchased a new stake in shares of Ares Acquisition Corporation II during the second quarter valued at approximately $177,000. Militia Capital Partners LP bought a new position in shares of Ares Acquisition Corporation II in the second quarter worth approximately $466,000. StoneX Group Inc. purchased a new position in shares of Ares Acquisition Corporation II in the second quarter worth $566,000. Finally, Virtu Financial LLC raised its holdings in Ares Acquisition Corporation II by 129.3% during the 1st quarter. Virtu Financial LLC now owns 52,078 shares of the company's stock valued at $581,000 after buying an additional 29,368 shares during the last quarter. Institutional investors own 72.95% of the company's stock. Ares Acquisition Corporation II Company Profile (Get Free Report)Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.Featured ArticlesFive stocks we like better than Ares Acquisition Corporation IIThere Are Different Types of Stock To Invest InFord Set to Outpace GM With Tariff Tailwinds and EPS MomentumHow to Profit From Value Investing Replace Your Fixed Income With This Dividend ETFMost active stocks: Dollar volume vs share volume3 AI-Driven Tech Stocks That Look Oversold and UndervaluedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ares Acquisition Corporation II Right Now?Before you consider Ares Acquisition Corporation II, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ares Acquisition Corporation II wasn't on the list.While Ares Acquisition Corporation II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here