Arogo Capital Acquisition (NASDAQ:AOGO) Shares Up 13.9% – What’s Next?

Arogo Capital Acquisition Corp. (NASDAQ:AOGO)’s share price was up 13.9% on Tuesday . The company traded as high as $12.93 and last traded at $12.93. Approximately 300 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 12,733 shares. The stock had previously closed at $11.35.

Arogo Capital Acquisition Stock Up 13.9 %

The firm’s 50-day moving average is $11.11 and its two-hundred day moving average is $11.03.

Institutional Investors Weigh In On Arogo Capital Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in AOGO. Warberg Asset Management LLC acquired a new position in shares of Arogo Capital Acquisition during the 2nd quarter worth approximately $876,000. Clear Street LLC increased its stake in Arogo Capital Acquisition by 10.9% in the 2nd quarter. Clear Street LLC now owns 137,370 shares of the company’s stock worth $1,508,000 after buying an additional 13,508 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its position in shares of Arogo Capital Acquisition by 75.4% in the third quarter. Flow Traders U.S. LLC now owns 21,707 shares of the company’s stock valued at $238,000 after acquiring an additional 9,333 shares in the last quarter. Institutional investors own 41.63% of the company’s stock.

Arogo Capital Acquisition Company Profile

Arogo Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on businesses in transportation and technology industries within the electric vehicles technology, smart mobility, or sustainable transportation.