Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report) dropped 0.9% during mid-day trading on Thursday . The stock traded as low as $1.1174 and last traded at $1.14. Approximately 44,042 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 141,126 shares. The stock had previously closed at $1.15.
Virgin Group Acquisition Corp. II Price Performance
The firm has a 50-day moving average of $1.24 and a 200-day moving average of $1.30.
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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