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AleAnna Inc - Class A (NASDAQ:ANNA) Trading Up 12.2% - Time to Buy?

AleAnna Inc - Class A logo with Medical background

Shares of AleAnna Inc - Class A (NASDAQ:ANNA - Get Free Report) rose 12.2% during trading on Friday . The company traded as high as $10.40 and last traded at $9.86. Approximately 2,990 shares traded hands during trading, a decline of 80% from the average daily volume of 15,245 shares. The stock had previously closed at $8.79.

AleAnna Inc - Class A Stock Up 1.0%

The business has a 50-day moving average of $10.59. The firm has a market cap of $591.89 million, a price-to-earnings ratio of -444.00 and a beta of 0.16.

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

Institutional Trading of AleAnna Inc - Class A

A number of hedge funds and other institutional investors have recently bought and sold shares of ANNA. Decagon Asset Management LLP bought a new position in shares of AleAnna Inc - Class A during the 4th quarter valued at approximately $3,390,000. Farallon Capital Management LLC purchased a new position in AleAnna Inc - Class A during the fourth quarter valued at approximately $532,000. Polar Asset Management Partners Inc. bought a new position in shares of AleAnna Inc - Class A in the fourth quarter worth approximately $481,000. Sculptor Capital LP purchased a new stake in shares of AleAnna Inc - Class A in the fourth quarter worth $367,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of AleAnna Inc - Class A during the 4th quarter valued at $192,000. Hedge funds and other institutional investors own 38.10% of the company's stock.

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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