Peridot Acquisition Corp. II (NYSE:PDOT) Trading Down 0.1%

Peridot Acquisition Corp. II (NYSE:PDOTGet Rating)’s share price dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $9.78 and last traded at $9.79. Approximately 89,177 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 77,825 shares. The stock had previously closed at $9.80.

The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $9.76.

Hedge funds have recently bought and sold shares of the company. Clear Street LLC acquired a new position in shares of Peridot Acquisition Corp. II during the fourth quarter worth about $98,000. Hsbc Holdings PLC boosted its position in shares of Peridot Acquisition Corp. II by 10.1% during the first quarter. Hsbc Holdings PLC now owns 998,511 shares of the company’s stock worth $9,765,000 after buying an additional 91,871 shares during the period. Saba Capital Management L.P. boosted its position in shares of Peridot Acquisition Corp. II by 58.2% during the first quarter. Saba Capital Management L.P. now owns 612,709 shares of the company’s stock worth $5,992,000 after buying an additional 225,491 shares during the period. Basso Capital Management L.P. acquired a new position in shares of Peridot Acquisition Corp. II during the first quarter worth about $716,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Peridot Acquisition Corp. II during the first quarter worth about $3,668,000. 59.28% of the stock is owned by institutional investors.

Peridot Acquisition Corp. II Company Profile (NYSE:PDOT)

Peridot Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is headquartered in Houston, Texas.

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