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AtlasClear (NYSEAMERICAN:ATCH) Shares Down 8.1% - Here's Why

AtlasClear logo with Business Services background

Key Points

  • AtlasClear Holdings, Inc. shares fell by 8.1%, trading at $0.36, significantly lower than the previous close of $0.40.
  • The company saw an 85% decline in trading volume compared to its average, with approximately 17.8 million shares exchanged.
  • A hedge fund, Cutter & CO Brokerage Inc., purchased 48,540 shares of AtlasClear, increasing its stake to about 12.45% of the company.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH - Get Free Report) were down 8.1% during mid-day trading on Wednesday . The company traded as low as $0.36 and last traded at $0.36. Approximately 17,803,849 shares traded hands during trading, a decline of 85% from the average daily volume of 122,391,144 shares. The stock had previously closed at $0.40.

AtlasClear Stock Performance

The business has a 50 day moving average price of $0.38 and a 200-day moving average price of $0.35.

Hedge Funds Weigh In On AtlasClear

A hedge fund recently bought a new stake in AtlasClear stock. Cutter & CO Brokerage Inc. acquired a new stake in AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,540 shares of the company's stock, valued at approximately $33,000. Cutter & CO Brokerage Inc. owned approximately 12.45% of AtlasClear at the end of the most recent reporting period. Institutional investors own 47.57% of the company's stock.

About AtlasClear

(Get Free Report)

AtlasClear Holdings, Inc engages in the provision of banking and clearing services to other financial services firms. The company was founded on October 13, 2022 and is headquartered in Tampa, FL.

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