Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 0.3% – Time to Sell?

Shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) traded down 0.3% during mid-day trading on Friday . The stock traded as low as $11.67 and last traded at $11.67. 13,104 shares were traded during mid-day trading, a decline of 88% from the average session volume of 111,293 shares. The stock had previously closed at $11.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Alchemy Investments Acquisition Corp 1 in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Alchemy Investments Acquisition Corp 1 Price Performance

The business’s 50 day simple moving average is $12.13 and its 200 day simple moving average is $11.80.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) last issued its earnings results on Tuesday, November 18th. The company reported ($0.08) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alchemy Investments Acquisition Corp 1 stock. Clear Street Group Inc. bought a new position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 quarter. Institutional investors own 92.46% of the company’s stock.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.

The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.