AlphaVest Acquisition (NASDAQ:ATMV) Trading Down 0.1% – Time to Sell?

AlphaVest Acquisition Corp (NASDAQ:ATMV)’s share price traded down 0.1% during mid-day trading on Thursday . The company traded as low as $11.17 and last traded at $11.17. 1,986 shares traded hands during trading, a decline of 95% from the average session volume of 36,914 shares. The stock had previously closed at $11.18.

AlphaVest Acquisition Price Performance

The business has a 50 day moving average price of $11.13 and a 200 day moving average price of $11.06.

Institutional Investors Weigh In On AlphaVest Acquisition

Several large investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of AlphaVest Acquisition in the fourth quarter worth $1,961,000. Mizuho Securities USA LLC lifted its stake in shares of AlphaVest Acquisition by 87.8% in the first quarter. Mizuho Securities USA LLC now owns 236,073 shares of the company’s stock worth $2,561,000 after acquiring an additional 110,387 shares during the period. Berkley W R Corp lifted its stake in shares of AlphaVest Acquisition by 92.8% in the first quarter. Berkley W R Corp now owns 418,285 shares of the company’s stock worth $4,601,000 after acquiring an additional 201,381 shares during the period. Finally, Cowen AND Company LLC lifted its stake in AlphaVest Acquisition by 68.8% in the second quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock valued at $3,069,000 after buying an additional 113,410 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.