Virgin Group Acquisition Corp. II (NYSE:VGII – Get Free Report) traded up 1.9% during trading on Friday . The stock traded as high as $1.14 and last traded at $1.09. Approximately 71,416 shares changed hands during trading, a decline of 49% from the average daily volume of 141,126 shares. The stock had previously closed at $1.07.
Virgin Group Acquisition Corp. II Stock Down 0.9%
The business’s fifty day moving average price is $1.21 and its 200 day moving average price is $1.28.
Virgin Group Acquisition Corp. II Company Profile
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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