AleAnna Inc – Class A (NASDAQ:ANNA) Stock Price Down 8% – Time to Sell?

AleAnna Inc – Class A (NASDAQ:ANNA)’s stock price fell 8% on Monday . The stock traded as low as $8.02 and last traded at $8.17. 3,221 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 15,157 shares. The stock had previously closed at $8.88.

AleAnna Inc – Class A Stock Performance

The stock has a 50-day moving average price of $10.59. The stock has a market cap of $533.90 million, a PE ratio of -400.50 and a beta of 0.16.

AleAnna Inc – Class A (NASDAQ:ANNA) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On AleAnna Inc – Class A

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new position in AleAnna Inc – Class A during the first quarter valued at about $94,000. NewGen Asset Management Ltd acquired a new stake in AleAnna Inc – Class A during the 4th quarter worth about $192,000. Finepoint Capital LP purchased a new position in shares of AleAnna Inc – Class A in the fourth quarter worth approximately $197,000. Sculptor Capital LP acquired a new position in AleAnna Inc – Class A in the 4th quarter worth approximately $367,000. Finally, Polar Asset Management Partners Inc. purchased a new position in AleAnna Inc – Class A during the 4th quarter worth approximately $481,000. Institutional investors own 38.10% of the company’s stock.

AleAnna Inc – Class A 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.