Arogo Capital Acquisition (NASDAQ:AOGO) Shares Up 13.9% – Here’s Why

Shares of Arogo Capital Acquisition Corp. (NASDAQ:AOGO) were up 13.9% on Tuesday . The stock traded as high as $12.93 and last traded at $12.93. Approximately 300 shares were traded during 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 Performance

The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $11.05.

Institutional Trading of Arogo Capital Acquisition

Institutional investors have recently bought and sold shares of the business. Clear Street LLC grew 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 valued at $1,508,000 after acquiring an additional 13,508 shares during the period. Warberg Asset Management LLC purchased a new stake in shares of Arogo Capital Acquisition during the second quarter worth about $876,000. Finally, Flow Traders U.S. LLC boosted its holdings in Arogo Capital Acquisition by 75.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,707 shares of the company’s stock worth $238,000 after buying an additional 9,333 shares during the last quarter. 41.63% of the stock is owned by institutional investors and hedge funds.

About Arogo Capital Acquisition

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.