Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Stock Price Down 0.3% – Time to Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) traded down 0.3% during mid-day trading on Friday . The stock traded as low as $11.67 and last traded at $11.67. 13,104 shares were traded during trading, a decline of 88% from the average session volume of 111,293 shares. The stock had previously closed at $11.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Alchemy Investments Acquisition Corp 1 in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Alchemy Investments Acquisition Corp 1 Stock Down 0.3%

The stock has a 50 day moving average of $12.13 and a 200-day moving average of $11.80.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) last issued its quarterly earnings data on Tuesday, November 18th. The company reported ($0.08) EPS for the quarter.

Institutional Trading of Alchemy Investments Acquisition Corp 1

An institutional investor recently bought a new position in Alchemy Investments Acquisition Corp 1 stock. Clear Street Group Inc. bought a new position in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,476 shares of the company’s stock, valued at approximately $75,000. Clear Street Group Inc. owned about 0.14% of Alchemy Investments Acquisition Corp 1 at the end of the most recent reporting period. 92.46% of the stock is currently owned by institutional investors.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.

The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.