AlphaVest Acquisition (NASDAQ:ATMV) Stock Price Up 0.5% – Should You Buy?

AlphaVest Acquisition Corp (NASDAQ:ATMV) rose 0.5% on Wednesday . The company traded as high as $11.44 and last traded at $11.44. Approximately 200 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,638 shares. The stock had previously closed at $11.38.

AlphaVest Acquisition Price Performance

The stock’s 50 day moving average is $11.39 and its two-hundred day moving average is $11.24.

Hedge Funds Weigh In On AlphaVest Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spartan Fund Management Inc. acquired a new position in shares of AlphaVest Acquisition during the third quarter worth approximately $546,000. Glazer Capital LLC grew its position in AlphaVest Acquisition by 16.1% in the third quarter. Glazer Capital LLC now owns 267,330 shares of the company’s stock valued at $2,978,000 after purchasing an additional 37,067 shares in the last quarter. Crossingbridge Advisors LLC bought a new position in AlphaVest Acquisition in the third quarter valued at $3,087,000. Finally, Mizuho Securities USA LLC lifted its stake in AlphaVest Acquisition by 108.7% in the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock valued at $6,220,000 after acquiring an additional 291,908 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

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.