Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 1.5% - Time to Sell?

Key Points

• Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) shares fell 1.5% recently, closing at $11.48 after trading as low as $11.49.
• Institutional investors hold 92.46% of the company's stock, with Alpine Global Management LLC recently acquiring a new position worth approximately $1.6 million.
• The stock's 50-day moving average is $11.57, indicating some volatility around its recent performance.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Get Free Report) shares were down 1.5% during mid-day trading on Monday . The stock traded as low as $11.49 and last traded at $11.48. Approximately 109,862 shares changed hands during trading, an increase of 1,116% from the average daily volume of 9,038 shares. The stock had previously closed at $11.65.

Alchemy Investments Acquisition Corp 1 Trading Down 5.4%

The company has a 50 day moving average of $11.50 and a 200-day moving average of $11.47.

Institutional Investors Weigh In On Alchemy Investments Acquisition Corp 1

A hedge fund recently bought a new stake in Alchemy Investments Acquisition Corp 1 stock. Alpine Global Management LLC purchased a new position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 145,662 shares of the company's stock, valued at approximately $1,595,000. Alpine Global Management LLC owned 3.22% of Alchemy Investments Acquisition Corp 1 at the end of the most recent reporting period. 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.