dMY Technology Group, Inc. II (NYSE:DMYD) Stock Price Down 4.4%


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Shares of dMY Technology Group, Inc. II (NYSE:DMYD) were down 4.4% on Thursday . The stock traded as low as $20.13 and last traded at $20.34. Approximately 2,870 shares changed hands during trading, a decline of 100% from the average daily volume of 1,056,158 shares. The stock had previously closed at $21.28.

Several research analysts recently commented on the company. Craig Hallum increased their price target on dMY Technology Group, Inc. II from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Monday. Benchmark assumed coverage on dMY Technology Group, Inc. II in a research report on Monday, March 1st. They set a “buy” rating and a $30.00 price target for the company. Finally, B. Riley assumed coverage on dMY Technology Group, Inc. II in a research report on Thursday, February 25th. They set a “buy” rating and a $27.00 price target for the company.

The stock’s 50-day moving average is $17.25.

A number of large investors have recently added to or reduced their stakes in DMYD. FNY Investment Advisers LLC bought a new stake in dMY Technology Group, Inc. II in the fourth quarter valued at approximately $263,000. IFP Advisors Inc bought a new stake in dMY Technology Group, Inc. II in the fourth quarter valued at approximately $72,000. Stratos Wealth Advisors LLC bought a new stake in dMY Technology Group, Inc. II in the fourth quarter valued at approximately $361,000. Kornitzer Capital Management Inc. KS bought a new stake in dMY Technology Group, Inc. II in the fourth quarter valued at approximately $14,338,000. Finally, Granite Point Capital Management L.P. bought a new stake in dMY Technology Group, Inc. II in the fourth quarter valued at approximately $3,518,000. Hedge funds and other institutional investors own 0.58% of the company’s stock.

About dMY Technology Group, Inc. II (NYSE:DMYD)

dMY Technology Group, Inc II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Las Vegas, Nevada.

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