Global Partner Acquisition Corp II (NASDAQ:GPACU) Trading Down 0.1% – Should You Sell?

Global Partner Acquisition Corp II (NASDAQ:GPACU)’s share price was down 0.1% on Wednesday . The stock traded as low as $10.00 and last traded at $10.00. Approximately 101 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 15,170 shares. The stock had previously closed at $10.01.

Global Partner Acquisition Corp II Stock Performance

The firm’s 50-day simple moving average is $10.02 and its 200-day simple moving average is $10.02.

Institutional Investors Weigh In On Global Partner Acquisition Corp II

Several institutional investors have recently bought and sold shares of GPACU. Adage Capital Partners GP L.L.C. purchased a new stake in shares of Global Partner Acquisition Corp II in the 4th quarter worth about $18,018,000. Alberta Investment Management Corp purchased a new position in shares of Global Partner Acquisition Corp II during the fourth quarter valued at about $12,012,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Global Partner Acquisition Corp II in the 4th quarter worth approximately $12,012,000. Millennium Management LLC bought a new stake in shares of Global Partner Acquisition Corp II during the fourth quarter valued at approximately $12,012,000. Finally, Glazer Capital LLC bought a new stake in shares of Global Partner Acquisition Corp II during the fourth quarter valued at approximately $11,017,000.

About Global Partner Acquisition Corp II

Global Partner Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York. Global Partner Acquisition Corp II is a subsidiary of Global Partner Sponsor II LLC.