Everest Consolidator Acquisition (NYSE:MNTN) Shares Down 0.2% – Should You Sell?

Everest Consolidator Acquisition Co. (NYSE:MNTN) shares dropped 0.2% on Tuesday . The company traded as low as $11.41 and last traded at $11.43. 12,877 shares changed hands during trading, a decline of 59% from the average daily volume of 31,793 shares. The stock had previously closed at $11.45.

Everest Consolidator Acquisition Trading Down 0.2 %

The company’s 50 day moving average is $11.36 and its 200-day moving average is $11.30.

Institutional Investors Weigh In On Everest Consolidator Acquisition

A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Cowen AND Company LLC purchased a new position in Everest Consolidator Acquisition Co. (NYSE:MNTN) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 509,854 shares of the company’s stock, valued at approximately $5,746,000. Cowen AND Company LLC owned about 4.36% of Everest Consolidator Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

About Everest Consolidator Acquisition

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.