Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 2.9% - Should You Sell?

Key Points

• Alchemy Investments Acquisition Corp 1's shares dropped 2.9% during mid-day trading, with prices reaching as low as $11.40.
• The trading volume was approximately 1,400 shares, a significant decline of 92% compared to the average daily volume.
• This special purpose acquisition company focuses on business combinations related to data processing and analysis.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - )'s share price was down 2.9% during mid-day trading on Tuesday . The company traded as low as $11.40 and last traded at $11.41. Approximately 1,400 shares traded hands during trading, a decline of 92% from the average daily volume of 17,824 shares. The stock had previously closed at $11.75.

Alchemy Investments Acquisition Corp 1 Trading Down 2.9%

The stock's fifty day moving average price is $11.49 and its 200-day moving average price is $11.49.

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.

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