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AleAnna Inc - Class A (NASDAQ:ANNA) Stock Price Up 5.9% - Here's What Happened

AleAnna Inc - Class A logo with Medical background

Shares of AleAnna Inc - Class A (NASDAQ:ANNA - Get Free Report) traded up 5.9% on Wednesday . The stock traded as high as $10.73 and last traded at $10.73. 1,234 shares were traded during trading, a decline of 92% from the average session volume of 16,404 shares. The stock had previously closed at $10.13.

AleAnna Inc - Class A Stock Performance

The firm has a fifty day simple moving average of $10.45. The stock has a market capitalization of $630.55 million, a P/E ratio of -473.00 and a beta of 0.24.

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

Institutional Investors Weigh In On AleAnna Inc - Class A

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Decagon Asset Management LLP acquired a new stake in AleAnna Inc - Class A during the fourth quarter worth approximately $3,390,000. Farallon Capital Management LLC bought a new stake in shares of AleAnna Inc - Class A during the 4th quarter valued at $532,000. Polar Asset Management Partners Inc. acquired a new stake in shares of AleAnna Inc - Class A during the 4th quarter worth $481,000. Sculptor Capital LP acquired a new stake in shares of AleAnna Inc - Class A during the 4th quarter worth $367,000. Finally, NewGen Asset Management Ltd bought a new position in shares of AleAnna Inc - Class A in the fourth quarter worth $192,000. 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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