Everest Consolidator Acquisition (OTCMKTS:MNTN) Stock Price Up 0.3% – What’s Next?

Everest Consolidator Acquisition Co. (OTCMKTS:MNTN) shares rose 0.3% during mid-day trading on Tuesday . The company traded as high as $23.91 and last traded at $23.35. Approximately 433,236 shares changed hands during trading, a decline of 44% from the average daily volume of 774,338 shares. The stock had previously closed at $23.27.

Everest Consolidator Acquisition Stock Performance

The firm’s 50 day moving average price is $18.18 and its two-hundred day moving average price is $11.69.

Insider Activity

In related news, CFO Patrick Pohlen sold 255,232 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $4,083,712.00. Following the transaction, the chief financial officer directly owned 1,319,489 shares in the company, valued at approximately $21,111,824. The trade was a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,594,665 shares of company stock valued at $41,514,640. 60.30% of the stock is currently owned by company insiders.

About Everest Consolidator Acquisition

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.