Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) Stock Price Down 10% – Time to Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU)’s stock price dropped 10% during trading on Friday . The company traded as low as $13.50 and last traded at $13.50. Approximately 200 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 233 shares. The stock had previously closed at $15.00.

Alchemy Investments Acquisition Corp 1 Trading Down 10.0%

The stock has a fifty day moving average of $13.07 and a 200-day moving average of $11.88.

Institutional Investors 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. acquired a new stake in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,676 shares of the company’s stock, valued at approximately $29,000.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp. 1 is a Delaware-incorporated special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, or similar business combination. Trading on the NASDAQ under the ticker ALCYU, the company does not currently engage in commercial operations and holds cash in trust pending identification of a suitable target.

The firm’s sponsor, Alchemy Investments LLC, is a private investment management platform specializing in alternative credit, specialty finance and structured credit investments.