Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 1.5% - What's Next?

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 traded down 1.5% on Monday . The company traded as low as $11.49 and last traded at $11.48. 109,862 shares changed hands during mid-day trading, an increase of 1,116% from the average session volume of 9,038 shares. The stock had previously closed at $11.65.

Alchemy Investments Acquisition Corp 1 Price Performance

The firm has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alchemy Investments Acquisition Corp 1 stock. Alpine Global Management LLC bought a new stake in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 145,662 shares of the company's stock, valued at approximately $1,595,000. Alpine Global Management LLC owned about 3.22% of Alchemy Investments Acquisition Corp 1 as of its most recent filing with the Securities and Exchange Commission. 92.46% of the stock is owned by institutional investors and hedge funds.

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.