Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 0.5% – Time to Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY)’s stock price traded down 0.5% during mid-day trading on Wednesday . The company traded as low as $11.30 and last traded at $11.30. 841 shares were traded during mid-day trading, a decline of 98% from the average session volume of 46,787 shares. The stock had previously closed at $11.36.

Alchemy Investments Acquisition Corp 1 Stock Performance

The firm’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $11.07.

Hedge Funds Weigh In On Alchemy Investments Acquisition Corp 1

An institutional investor recently bought a new position in Alchemy Investments Acquisition Corp 1 stock. Alpine Global Management LLC acquired a new stake in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 145,662 shares of the company’s stock, valued at approximately $1,595,000. Alpine Global Management LLC owned approximately 3.22% of Alchemy Investments Acquisition Corp 1 as of its most recent SEC filing. 92.46% of the stock is currently owned by institutional investors and hedge funds.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.