AleAnna (NASDAQ:ANNA) Shares Gap Up – What’s Next?

AleAnna Inc. (NASDAQ:ANNA)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.26, but opened at $8.64. AleAnna shares last traded at $9.1440, with a volume of 2,924,870 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AleAnna has a consensus rating of “Sell”.

AleAnna Stock Performance

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 has a market cap of $525.87 million, a price-to-earnings ratio of 197.30 and a beta of -1.19. The business’s 50 day moving average is $4.02 and its 200 day moving average is $3.58.

Insider Transactions at AleAnna

In other AleAnna news, major shareholder C John Wilder sold 91,373 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $3.81, for a total value of $348,131.13. Following the transaction, the insider directly owned 30,359 shares in the company, valued at $115,667.79. This represents a 75.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 325,784 shares of company stock valued at $1,224,557 over the last three months. Corporate insiders own 42.90% of the company’s stock.

Institutional Trading of AleAnna

A number of hedge funds and other institutional investors have recently made changes to their positions in ANNA. Keel Point LLC acquired a new stake in shares of AleAnna in the second quarter valued at approximately $79,000. Goldman Sachs Group Inc. acquired a new stake in AleAnna during the 1st quarter worth $94,000. Finally, Carlson Capital L.P. grew its position in AleAnna by 7.0% during the 4th quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

AleAnna Company Profile

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.