Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Trading Up 0.6% - Time to Buy?

Key Points

• Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) experienced a slight increase of 0.6% in trading, reaching a last price of $11.82 after previous closing at $11.75.
• The stock has a consensus “Sell” rating, with Weiss Ratings reaffirming their “sell (d+)” rating on October 8th, indicating a cautious outlook from analysts.
• Alchemy Investments, a special purpose acquisition company, plans to focus on business combinations involving data acquisition and utilization.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Get Free Report) traded up 0.6% on Wednesday . The company traded as high as $11.99 and last traded at $11.82. 308 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 1,180 shares. The stock had previously closed at $11.75.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Alchemy Investments Acquisition Corp 1 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of "Sell".

Alchemy Investments Acquisition Corp 1 Price Performance

The firm's 50-day simple moving average is $11.53 and its 200 day simple moving average is $11.53.

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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