Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report)’s stock price dropped 2.8% during mid-day trading on Friday. The stock traded as low as $1.03 and last traded at $1.03. 74,534 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 141,126 shares. The stock had previously closed at $1.06.
Virgin Group Acquisition Corp. II Stock Performance
The firm’s 50 day moving average is $1.04 and its 200 day moving average is $1.16.
About Virgin Group Acquisition Corp. II
Virgin Group Acquisition Corp. II (NYSE: VGII) was a special purpose acquisition company sponsored by an affiliate of Virgin Group. Rather than operating a conventional business, the company was formed to raise capital through an initial public offering and identify a business with which to complete a merger or similar combination.
Virgin Group Acquisition Corp. II completed a business combination with Grove Collaborative Holdings, Inc in 2022. Grove Collaborative is a digital-first consumer products company focused on household, personal care and wellness products, including cleaning supplies, personal care items and other everyday essentials.
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