Andretti Acquisition Corp. (NYSE:WNNR – Get Rating) shares traded up 0.2% during mid-day trading on Friday . The stock traded as high as $10.34 and last traded at $10.34. 768 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,189 shares. The stock had previously closed at $10.32.

Andretti Acquisition Price Performance

The stock's 50 day moving average is $10.25 and its 200-day moving average is $10.11.

Institutional Investors Weigh In On Andretti Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the company. Starboard Value LP purchased a new stake in Andretti Acquisition during the 1st quarter valued at $4,379,000. State Street Corp increased its holdings in Andretti Acquisition by 29.6% in the 3rd quarter. State Street Corp now owns 14,000 shares of the company's stock worth $141,000 after buying an additional 3,200 shares in the last quarter. Westchester Capital Management LLC bought a new stake in Andretti Acquisition in the 3rd quarter worth about $1,722,000. Aristeia Capital LLC purchased a new position in Andretti Acquisition in the 3rd quarter worth about $8,300,000. Finally, Berkley W R Corp bought a new position in Andretti Acquisition during the 1st quarter valued at about $2,478,000. Institutional investors own 55.69% of the company's stock.

Andretti Acquisition Company Profile

Andretti Acquisition Corp., a special purpose acquisition company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the automotive industry. The company was incorporated in 2021 and is based in Indianapolis, Indiana.

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