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AleAnna Inc - Class A (NASDAQ:ANNA) Shares Gap Down - Here's Why

AleAnna Inc - Class A logo with Medical background

Shares of AleAnna Inc - Class A (NASDAQ:ANNA - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.01, but opened at $8.80. AleAnna Inc - Class A shares last traded at $9.40, with a volume of 2,658 shares changing hands.

AleAnna Inc - Class A Trading Down 2.5%

The firm's fifty day simple moving average is $10.45. The firm has a market capitalization of $630.55 million, a PE ratio of -473.00 and a beta of 0.24.

AleAnna Inc - Class A (NASDAQ:ANNA - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter.

Hedge Funds Weigh In On AleAnna Inc - Class A

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in AleAnna Inc - Class A in the first quarter valued at approximately $94,000. NewGen Asset Management Ltd bought a new position in shares of AleAnna Inc - Class A in the 4th quarter valued at $192,000. Finepoint Capital LP bought a new position in shares of AleAnna Inc - Class A in the 4th quarter valued at $197,000. Sculptor Capital LP acquired a new stake in shares of AleAnna Inc - Class A during the 4th quarter valued at $367,000. Finally, Polar Asset Management Partners Inc. bought a new stake in AleAnna Inc - Class A during the 4th quarter worth $481,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

About AleAnna Inc - Class A

(Get Free Report)

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy's natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.

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