AlphaVest Acquisition (NASDAQ:ATMV) Stock Price Down 0.1% – Here’s Why

AlphaVest Acquisition Corp (NASDAQ:ATMV)’s share price fell 0.1% during trading on Thursday . The company traded as low as $11.17 and last traded at $11.17. 1,986 shares were traded during mid-day trading, a decline of 95% from the average session volume of 36,914 shares. The stock had previously closed at $11.18.

AlphaVest Acquisition Stock Down 0.1 %

The business has a fifty day moving average price of $11.13 and a 200 day moving average price of $11.06.

Institutional Investors Weigh In On AlphaVest Acquisition

Several institutional investors have recently bought and sold shares of the company. Berkley W R Corp grew its holdings in shares of AlphaVest Acquisition by 92.8% in the 1st quarter. Berkley W R Corp now owns 418,285 shares of the company’s stock valued at $4,601,000 after acquiring an additional 201,381 shares in the last quarter. Quarry LP bought a new position in AlphaVest Acquisition in the fourth quarter valued at approximately $1,961,000. Cowen AND Company LLC increased its position in shares of AlphaVest Acquisition by 68.8% during the 2nd quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock worth $3,069,000 after purchasing an additional 113,410 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of AlphaVest Acquisition by 87.8% during the 1st quarter. Mizuho Securities USA LLC now owns 236,073 shares of the company’s stock worth $2,561,000 after purchasing an additional 110,387 shares in the last quarter. Finally, Glazer Capital LLC boosted its holdings in shares of AlphaVest Acquisition by 1.5% in the 4th quarter. Glazer Capital LLC now owns 238,874 shares of the company’s stock valued at $2,558,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.