Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 0.6% – What’s Next?

Shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) were down 0.6% on Tuesday . The company traded as low as $11.65 and last traded at $11.7540. Approximately 448 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 2,873 shares. The stock had previously closed at $11.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alchemy Investments Acquisition Corp 1 in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Alchemy Investments Acquisition Corp 1 has an average rating of “Sell”.

Alchemy Investments Acquisition Corp 1 Price Performance

The firm’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $11.84.

Institutional Trading of Alchemy Investments Acquisition Corp 1

A hedge fund recently bought a new stake in Alchemy Investments Acquisition Corp 1 stock. Clear Street Group Inc. purchased a new stake in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,476 shares of the company’s stock, valued at approximately $75,000. Clear Street Group Inc. owned approximately 0.14% of Alchemy Investments Acquisition Corp 1 at the end of the most recent quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.

The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.