AlphaTime Acquisition (NASDAQ:ATMC) Shares Up 0.6% – What’s Next?

Shares of AlphaTime Acquisition Corp. (NASDAQ:ATMC) were up 0.6% on Monday . The stock traded as high as $11.81 and last traded at $11.87. Approximately 3,504 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 16,646 shares. The stock had previously closed at $11.80.

AlphaTime Acquisition Stock Performance

The stock has a 50-day moving average price of $11.73 and a 200-day moving average price of $11.58.

Institutional Investors Weigh In On AlphaTime Acquisition

Institutional investors have recently modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in shares of AlphaTime Acquisition during the 4th quarter valued at about $2,135,000. Toronto Dominion Bank acquired a new position in AlphaTime Acquisition in the fourth quarter valued at approximately $319,000. Finally, Warberg Asset Management LLC bought a new position in shares of AlphaTime Acquisition during the 1st quarter worth approximately $213,000. 82.24% of the stock is owned by institutional investors.

About AlphaTime Acquisition

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.