Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 1.8% – Here’s What Happened

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY)’s share price dropped 1.8% during trading on Tuesday . The company traded as low as $11.68 and last traded at $11.68. Approximately 85 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 590 shares. The stock had previously closed at $11.90.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Alchemy Investments Acquisition Corp 1 in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Alchemy Investments Acquisition Corp 1 Trading Down 1.8%

The stock has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $11.59.

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. Clear Street Group Inc. bought a new position in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,476 shares of the company’s stock, valued at approximately $75,000. Clear Street Group Inc. owned about 0.14% of Alchemy Investments Acquisition Corp 1 at the end of the most recent reporting period. 92.46% of the stock is owned by institutional investors.

Alchemy Investments Acquisition Corp 1 Company Profile

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.