Andretti Acquisition (NYSE:WNNR) Shares Up 32%

Andretti Acquisition Corp. (NYSE:WNNR) was up 32% during trading on Thursday . The company traded as high as $18.50 and last traded at $13.60. Approximately 1,125,400 shares changed hands during mid-day 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 Performance

The stock’s fifty day simple moving average is $11.10 and its 200-day simple moving average is $10.93.

Institutional Investors Weigh In On Andretti Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in Andretti Acquisition in the 3rd quarter worth approximately $214,000. Hudson Bay Capital Management LP lifted its position in Andretti Acquisition by 47.3% during the third quarter. Hudson Bay Capital Management LP now owns 440,063 shares of the company’s stock valued at $4,731,000 after buying an additional 141,247 shares during the period. Terrapin Asset Management LLC bought a new stake in Andretti Acquisition during the third quarter worth about $1,075,000. Levin Capital Strategies L.P. bought a new stake in shares of Andretti Acquisition in the 3rd quarter worth approximately $781,000. Finally, Boothbay Fund Management LLC bought a new stake in Andretti Acquisition in the first quarter worth $1,400,000. 51.22% of the stock is owned by hedge funds and other institutional investors.

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.