Global Partner Acquisition Corp II (NASDAQ:GPACU) Shares Cross Above 50-Day Moving Average – Here’s Why

Global Partner Acquisition Corp II (NASDAQ:GPACU)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.04 and traded as high as $10.09. Global Partner Acquisition Corp II shares last traded at $10.09, with a volume of 340 shares traded.

Global Partner Acquisition Corp II Price Performance

The stock’s 50 day moving average is $10.04 and its 200-day moving average is $10.02.

Hedge Funds Weigh In On Global Partner Acquisition Corp II

A number of hedge funds have recently bought and sold shares of the company. Meteora Capital LLC bought a new position in Global Partner Acquisition Corp II in the 4th quarter worth about $139,000. HRT Financial LP bought a new position in Global Partner Acquisition Corp II during the 4th quarter valued at about $300,000. Boothbay Fund Management LLC bought a new position in Global Partner Acquisition Corp II during the 4th quarter valued at about $375,000. ABC Arbitrage SA bought a new position in Global Partner Acquisition Corp II during the 4th quarter valued at about $400,000. Finally, Stoic Point Capital Management LLC bought a new position in Global Partner Acquisition Corp II during the 4th quarter valued at about $500,000.

About Global Partner Acquisition Corp II

Global Partner Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York. Global Partner Acquisition Corp II is a subsidiary of Global Partner Sponsor II LLC.