AlphaVest Acquisition (NASDAQ:ATMV) Shares Up 0.6% – Here’s Why

AlphaVest Acquisition Corp (NASDAQ:ATMV)’s share price shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as $11.39 and last traded at $11.44. 115 shares traded hands during trading, a decline of 53% from the average session volume of 242 shares. The stock had previously closed at $11.37.

AlphaVest Acquisition Price Performance

The stock’s 50-day moving average price is $11.33 and its 200-day moving average price is $11.20.

Institutional Investors Weigh In On AlphaVest Acquisition

Several large investors have recently added to or reduced their stakes in the business. Spartan Fund Management Inc. bought a new position in shares of AlphaVest Acquisition during the 3rd quarter worth approximately $546,000. Glazer Capital LLC grew its holdings in AlphaVest Acquisition by 16.1% in the third quarter. Glazer Capital LLC now owns 267,330 shares of the company’s stock worth $2,978,000 after purchasing an additional 37,067 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of AlphaVest Acquisition during the third quarter valued at about $3,087,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of AlphaVest Acquisition by 108.7% during the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock valued at $6,220,000 after purchasing an additional 291,908 shares during the period. Institutional investors and hedge funds 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.