Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 2.1% - Should You Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Get Free Report)'s share price fell 2.1% during trading on Thursday . The company traded as low as $11.42 and last traded at $11.47. 18 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 45,906 shares. The stock had previously closed at $11.72.

Alchemy Investments Acquisition Corp 1 Stock Down 2.1%

The stock has a 50 day simple moving average of $11.55 and a 200 day simple moving average of $11.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alchemy Investments Acquisition Corp 1 stock. Decagon Asset Management LLP purchased a new stake in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,050 shares of the company's stock, valued at approximately $143,000. Decagon Asset Management LLP owned approximately 0.29% of Alchemy Investments Acquisition Corp 1 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 92.46% of the company's stock.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.