Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 1.7% – What’s Next?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) shares fell 1.7% during mid-day trading on Wednesday . The company traded as low as $11.42 and last traded at $11.52. 18 shares were traded during mid-day trading, a decline of 100% from the average session volume of 45,082 shares. The stock had previously closed at $11.72.

Alchemy Investments Acquisition Corp 1 Trading Down 1.7%

The firm’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $11.28.

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 purchased a new position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 145,662 shares of the company’s stock, valued at approximately $1,595,000. Alpine Global Management LLC owned 3.22% of Alchemy Investments Acquisition Corp 1 at the end of the most recent quarter. 92.46% of the stock is owned by institutional investors.

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.