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AleAnna Inc - Class A (NASDAQ:ANNA) Shares Up 5.9% - Should You Buy?

AleAnna Inc - Class A logo with Medical background

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

AleAnna Inc - Class A Trading Up 3.6%

The company has a market capitalization of $646.54 million, a price-to-earnings ratio of -485.00 and a beta of 0.24. The company's 50 day simple moving average is $10.41.

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

Institutional Investors Weigh In On AleAnna Inc - Class A

Large investors have recently added to or reduced their stakes in the company. Decagon Asset Management LLP purchased a new stake in AleAnna Inc - Class A during the 4th quarter worth approximately $3,390,000. Farallon Capital Management LLC acquired a new stake in AleAnna Inc - Class A in the fourth quarter valued at $532,000. Polar Asset Management Partners Inc. bought a new position in AleAnna Inc - Class A during the 4th quarter valued at $481,000. Sculptor Capital LP acquired a new position in AleAnna Inc - Class A during the 4th quarter worth $367,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of AleAnna Inc - Class A in the 4th quarter worth about $192,000. 38.10% of the stock is owned by institutional investors and hedge funds.

AleAnna Inc - Class A Company Profile

(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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