Shares of Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report) traded up 4% during trading on Friday . The company traded as high as $1.06 and last traded at $1.05. 26,873 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 141,126 shares. The stock had previously closed at $1.01.
Virgin Group Acquisition Corp. II Stock Up 4.0%
The stock’s 50 day simple moving average is $1.05 and its two-hundred day simple moving average is $1.18.
Virgin Group Acquisition Corp. II Company Profile
Virgin Group Acquisition Corp. II was a special purpose acquisition company (SPAC) sponsored by an affiliate of Virgin Group. Unlike an operating company, it was formed to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.
The company did not have its own products, services, operating subsidiaries, or established geographic markets. Its activities were primarily related to identifying and evaluating potential acquisition targets, completing a business combination, and managing the related financing and regulatory requirements.
Virgin Group Acquisition Corp.
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