Shares of Global Partner Acquisition Corp II (NASDAQ:GPAC – Get Free Report) shot up 0.2% during mid-day trading on Thursday. The stock traded as high as $10.12 and last traded at $10.12. Approximately 91,910 shares changed hands during trading, an increase of 28% from the average daily volume of 71,701 shares. The stock had previously closed at $10.10.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Global Partner Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Report on Global Partner Acquisition Corp II
Global Partner Acquisition Corp II Stock Down 0.2%
The stock has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $10.01.
About Global Partner Acquisition Corp II
Global Partner Acquisition Corp II is a special purpose acquisition company (SPAC) organized to identify and combine with an operating business through a merger, acquisition, stock purchase, or similar transaction. Unlike an operating company, it does not manufacture products, provide commercial services, or maintain a conventional business segment.
The company’s activities have primarily involved raising capital through a public offering and evaluating potential target businesses. Its investment focus, transaction plans, and operating profile may change depending on the business selected for a combination.
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