Insider Selling: AleAnna (NASDAQ:ANNA) Major Shareholder Sells 62,156 Shares of Stock

Key Points

• Major shareholder C John Wilder sold 62,156 shares on March 5 at an average of $3.71 (~$230,599) and conducted several other sales between Feb 27–Mar 6 totaling roughly $1.22 million; his holding fell 0.21% but he still directly owns 30,235,200 shares (about $112.17M).
• Shares traded up 6.5% to $4.09 on heavy volume (4.03M vs. average 177K), with AleAnna sporting a market cap of $272.6M, a 12‑month range of $2.31–$18.30 and a P/E of 102.25.
• Institutional investors own about 38.1% of the stock, and analysts maintain a consensus Sell rating (Weiss Ratings reaffirmed "sell (e+)").

AleAnna Inc. (NASDAQ:ANNA - Get Free Report) major shareholder C John Wilder sold 62,156 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $3.71, for a total value of $230,598.76. Following the transaction, the insider directly owned 30,235,200 shares in the company, valued at $112,172,592. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

C John Wilder also recently made the following trade(s):

• On Friday, March 6th, C John Wilder sold 82,260 shares of AleAnna stock. The stock was sold at an average price of $4.17, for a total transaction of $343,024.20.
• On Wednesday, March 4th, C John Wilder sold 34,595 shares of AleAnna stock. The shares were sold at an average price of $3.34, for a total transaction of $115,547.30.
• On Friday, February 27th, C John Wilder sold 33,176 shares of AleAnna stock. The shares were sold at an average price of $3.36, for a total transaction of $111,471.36.
• On Tuesday, March 3rd, C John Wilder sold 91,373 shares of AleAnna stock. The stock was sold at an average price of $3.81, for a total value of $348,131.13.
• On Monday, March 2nd, C John Wilder sold 22,224 shares of AleAnna stock. The shares were sold at an average price of $3.41, for a total transaction of $75,783.84.

AleAnna Trading Up 6.5%

Shares of ANNA traded up $0.25 during trading hours on Friday, hitting $4.09. The stock had a trading volume of 4,031,335 shares, compared to its average volume of 177,159. AleAnna Inc. has a 12-month low of $2.31 and a 12-month high of $18.30. The company's fifty day simple moving average is $2.73 and its 200 day simple moving average is $3.36. The firm has a market cap of $272.61 million, a P/E ratio of 102.25 and a beta of -0.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in shares of AleAnna in the 1st quarter valued at $94,000. NewGen Equity Long Short Fund bought a new stake in shares of AleAnna in the second quarter valued at about $204,000. Keel Point LLC acquired a new stake in AleAnna in the 2nd quarter valued at approximately $79,000. Finally, Carlson Capital L.P. bought a new stake in shares of AleAnna in the third quarter worth $362,000. Institutional investors and hedge funds own 38.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

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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