Shares of Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report) shot up 0.8% during trading on Monday . The company traded as high as $1.3099 and last traded at $1.29. 331,277 shares were traded during mid-day trading, an increase of 135% from the average session volume of 141,126 shares. The stock had previously closed at $1.28.
Virgin Group Acquisition Corp. II Stock Performance
The company’s 50 day moving average price is $1.37 and its two-hundred day moving average price is $1.40.
About Virgin Group Acquisition Corp. II
Virgin Group Acquisition Corp. II is a publicly traded special purpose acquisition company (SPAC) sponsored by the Virgin Group and its affiliates. Incorporated in Delaware, the company launched its initial public offering in 2021 and is listed on the New York Stock Exchange under the ticker VGII. As a blank‐check vehicle, its primary objective is to identify and merge with a privately held business, thereby taking that company public through a deSPAC transaction.
The company targets businesses operating in the digital economy, consumer, media, entertainment and technology sectors.
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