AleAnna (NASDAQ:ANNA) Shares Gap Up - Should You Buy?

Key Points

• Gapped up: Shares opened at $8.64 after a $7.26 close and were last quoted at $9.1440, up about 16.6% on heavy volume (~2.9M), trading well above the 50‑day ($3.82) and 200‑day ($3.52) moving averages.
• Contrary signals: Despite the rally, the consensus rating is Sell (Weiss Ratings reaffirmed a "sell (e+)"), insiders have been net sellers (major shareholder sold 91,373 shares; insiders sold ~325,784 shares in the last three months), and the stock carries a high P/E of 212.55, suggesting caution.

AleAnna Inc. (NASDAQ:ANNA - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.26, but opened at $8.64. AleAnna shares last traded at $9.1440, with a volume of 2,924,870 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of AleAnna in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, AleAnna presently has a consensus rating of "Sell".

AleAnna Trading Up 16.6%

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.03. The firm's 50 day moving average is $3.82 and its two-hundred day moving average is $3.52. The stock has a market cap of $564.09 million, a price-to-earnings ratio of 212.55 and a beta of -1.21.

Insider Activity at AleAnna

In other news, major shareholder C John Wilder sold 91,373 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $3.81, for a total transaction of $348,131.13. Following the sale, the insider directly owned 30,359 shares in the company, valued at approximately $115,667.79. This represents a 75.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 325,784 shares of company stock worth $1,224,557 over the last three months. 42.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ANNA. Carlson Capital L.P. lifted its stake in AleAnna by 7.0% in the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company's stock valued at $265,000 after buying an additional 6,000 shares during the last quarter. Keel Point LLC acquired a new stake in shares of AleAnna in the 2nd quarter worth about $79,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of AleAnna in the 1st quarter worth about $94,000. 38.10% of the stock is currently owned by institutional investors.

AleAnna Company Profile

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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