Andretti Acquisition (NYSE:WNNR) Shares Up 32%

Andretti Acquisition Corp. (NYSE:WNNR) shares rose 32% during trading on Thursday . The company traded as high as $18.50 and last traded at $13.60. Approximately 1,125,400 shares traded hands during trading, an increase of 955% from the average daily volume of 106,661 shares. The stock had previously closed at $10.30.

Andretti Acquisition Stock Up 32.0 %

The company has a 50 day moving average price of $11.14 and a 200-day moving average price of $10.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Starboard Value LP acquired a new position in Andretti Acquisition during the first quarter valued at approximately $4,379,000. State Street Corp acquired a new stake in shares of Andretti Acquisition in the 2nd quarter valued at $108,000. First Trust Capital Management L.P. acquired a new stake in shares of Andretti Acquisition during the 4th quarter valued at $465,000. Boothbay Fund Management LLC bought a new position in Andretti Acquisition during the 1st quarter worth $1,400,000. Finally, Nomura Holdings Inc. bought a new position in shares of Andretti Acquisition in the 1st quarter worth about $5,696,000. 51.22% of the stock is owned by institutional investors and hedge funds.

About Andretti Acquisition

Andretti Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Andretti Acquisition Corp. was incorporated in 2021 and is based in Indianapolis, Indiana.