AlphaVest Acquisition (NASDAQ:ATMV) Shares Up 1.7% – Still a Buy?

Shares of AlphaVest Acquisition Corp. (NASDAQ:ATMV) shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $8.03 and last traded at $7.59. 9,185 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 66,655 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of AlphaVest Acquisition in a report on Wednesday, November 19th. 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”.

AlphaVest Acquisition Stock Up 1.7%

The firm’s fifty day moving average is $10.35 and its two-hundred day moving average is $11.47.

Hedge Funds Weigh In On AlphaVest Acquisition

A number of institutional investors have recently bought and sold shares of ATMV. Clear Street Group Inc. purchased a new stake in AlphaVest Acquisition in the third quarter worth about $1,842,000. Harraden Circle Investments LLC bought a new position in shares of AlphaVest Acquisition in the 3rd quarter worth approximately $762,000. Quarry LP purchased a new position in shares of AlphaVest Acquisition in the 1st quarter valued at approximately $568,000. Berkley W R Corp boosted its position in shares of AlphaVest Acquisition by 23.7% during the second quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock valued at $2,749,000 after purchasing an additional 44,730 shares in the last quarter. Finally, Clear Street LLC grew its stake in AlphaVest Acquisition by 96.1% in the second quarter. Clear Street LLC now owns 21,671 shares of the company’s stock worth $255,000 after purchasing an additional 10,620 shares during the period. 46.08% of the stock is owned by institutional investors.

About AlphaVest Acquisition

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.