Arogo Capital Acquisition (NASDAQ:AOGO) Shares Up 16.7% – Should You Buy?

Arogo Capital Acquisition Corp. (NASDAQ:AOGO)’s share price shot up 16.7% during mid-day trading on Tuesday . The stock traded as high as $16.60 and last traded at $14.70. 7,807 shares were traded during trading, an increase of 100% from the average session volume of 3,902 shares. The stock had previously closed at $12.60.

Arogo Capital Acquisition Price Performance

The business’s fifty day simple moving average is $12.04 and its 200 day simple moving average is $11.36.

Hedge Funds Weigh In On Arogo Capital Acquisition

An institutional investor recently raised its position in Arogo Capital Acquisition stock. Flow Traders U.S. LLC grew its position in shares of Arogo Capital Acquisition Corp. (NASDAQ:AOGO) by 75.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,707 shares of the company’s stock after buying an additional 9,333 shares during the period. Flow Traders U.S. LLC owned about 0.50% of Arogo Capital Acquisition worth $238,000 as of its most recent SEC filing. Institutional investors own 41.63% of the company’s stock.

Arogo Capital Acquisition Company Profile

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.