Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Shares Down 0.2% – What’s Next?

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN)’s stock price traded down 0.2% during mid-day trading on Thursday . The company traded as low as $10.13 and last traded at $10.13. 608,661 shares changed hands during mid-day trading, an increase of 2,226% from the average session volume of 26,173 shares. The stock had previously closed at $10.15.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Axiom Intelligence Acquisition Corp 1 in a research report on Monday, January 26th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Stock Down 0.2%

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ABC Arbitrage SA purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at $352,000. Heights Capital Management Inc. purchased a new stake in Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth about $504,000. Tudor Investment Corp ET AL bought a new stake in Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth about $1,018,000. Readystate Asset Management LP purchased a new position in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $1,762,000. Finally, TIG Advisors LLC bought a new position in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $3,018,000.

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.