AleAnna (NASDAQ:ANNA) Stock Price Up 6.8% – What’s Next?

AleAnna Inc. (NASDAQ:ANNA)’s share price was up 6.8% during mid-day trading on Friday . The stock traded as high as $7.89 and last traded at $7.6010. Approximately 1,791,303 shares changed hands during trading, a decline of 50% from the average daily volume of 3,604,734 shares. The stock had previously closed at $7.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

AleAnna Stock Performance

The stock has a market cap of $567.19 million, a P/E ratio of 212.75 and a beta of -0.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $3.46 and its two-hundred day simple moving average is $3.43.

Insider Transactions at AleAnna

In other AleAnna news, major shareholder C John Wilder sold 91,373 shares of AleAnna stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.81, for a total value of $348,131.13. Following the sale, the insider owned 30,359 shares of the company’s stock, valued at $115,667.79. This trade represents a 75.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 325,784 shares of company stock worth $1,224,557. 42.90% of the stock is currently owned by corporate insiders.

Institutional Trading of AleAnna

Institutional investors have recently made changes to their positions in the business. Carlson Capital L.P. increased its stake in AleAnna by 7.0% in the 4th quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock valued at $265,000 after buying an additional 6,000 shares during the last quarter. Keel Point LLC acquired a new position in shares of AleAnna during the 2nd quarter worth about $79,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of AleAnna in the 1st quarter valued at about $94,000. Institutional investors own 38.10% of the company’s stock.

About AleAnna

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.