Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) Stock Price Down 10% – Here’s Why

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) traded down 10% on Thursday . The company traded as low as $13.50 and last traded at $13.50. 25 shares were traded during mid-day trading, a decline of 89% from the average session volume of 233 shares. The stock had previously closed at $15.00.

Alchemy Investments Acquisition Corp 1 Stock Performance

The business’s 50 day moving average price is $12.40 and its 200-day moving average price is $11.65.

Hedge Funds 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) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.