Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 0.3% – Time to Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYGet Free Report)’s stock price traded down 0.3% during mid-day trading on Friday . The stock traded as low as $11.66 and last traded at $11.66. 318 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,482 shares. The stock had previously closed at $11.70.

Alchemy Investments Acquisition Corp 1 Stock Performance

The stock has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $11.91.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYGet Free Report) last issued its quarterly earnings data on Thursday, May 21st. The company reported ($0.08) earnings per share for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALCY. Polar Asset Management Partners Inc. grew its position in shares of Alchemy Investments Acquisition Corp 1 by 1.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 101,434 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,434 shares during the period. Calamos Advisors LLC raised its holdings in Alchemy Investments Acquisition Corp 1 by 37.8% in the 1st quarter. Calamos Advisors LLC now owns 68,913 shares of the company’s stock worth $814,000 after purchasing an additional 18,913 shares during the period. Finally, Clear Street Group Inc. lifted its position in Alchemy Investments Acquisition Corp 1 by 131.6% during the fourth quarter. Clear Street Group Inc. now owns 15,000 shares of the company’s stock valued at $213,000 after purchasing an additional 8,524 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors.

About Alchemy Investments Acquisition Corp 1

(Get Free Report)

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.

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