Everest Consolidator Acquisition Co. (OTCMKTS:MNTN - Get Free Report)'s share price shot up 5.8% during trading on Wednesday . The stock traded as high as $21.30 and last traded at $21.04. 736,905 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 817,694 shares. The stock had previously closed at $19.88.
Everest Consolidator Acquisition Price Performance
The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.37.
Insider Activity at Everest Consolidator Acquisition
In other news, COO Christopher Lee Innes sold 176,933 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $2,830,928.00. Following the completion of the transaction, the chief operating officer now owns 299,333 shares in the company, valued at $4,789,328. This trade represents a 37.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hadi Partovi sold 50,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $800,000.00. Following the sale, the director now directly owns 447,520 shares in the company, valued at approximately $7,160,320. The trade was a 10.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,594,665 shares of company stock valued at $41,514,640. 60.30% of the stock is owned by company insiders.
About Everest Consolidator Acquisition
(
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Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.
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