Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report) was up 1.9% on Monday. The stock traded as high as $1.10 and last traded at $1.09. 22,216 shares were traded during trading, a decline of 84% from the average daily volume of 141,126 shares. The stock had previously closed at $1.07.
Virgin Group Acquisition Corp. II Stock Performance
The firm has a 50 day moving average of $1.03 and a two-hundred day moving average of $1.20.
Virgin Group Acquisition Corp. II Company Profile
Virgin Group Acquisition Corp. II was a special purpose acquisition company (SPAC) sponsored by an affiliate of Virgin Group. Rather than operating a traditional product or service business, the company was formed to identify and complete a business combination with an operating company in sectors such as consumer products, consumer services, technology and media.
The company completed its business combination with Grove Collaborative Holdings, Inc in 2022. Grove Collaborative operates an online platform offering household, personal care and other consumer products, with an emphasis on products positioned as environmentally responsible and made with plant-based or non-toxic ingredients.
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