AlphaVest Acquisition (NASDAQ:ATMVU) Trading Up 48.9% – Still a Buy?

AlphaVest Acquisition Corp (NASDAQ:ATMVUGet Free Report) shares shot up 48.9% during trading on Thursday . The stock traded as high as $13.94 and last traded at $11.54. 2,595 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 3,644 shares. The stock had previously closed at $7.75.

AlphaVest Acquisition Price Performance

The business has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $12.99.

About AlphaVest Acquisition

(Get Free Report)

AlphaVest Acquisition (NASDAQ: ATMVU) is a special purpose acquisition company (SPAC) formed to pursue mergers, capital stock purchases, asset acquisitions, stock purchases or reorganizations with one or more businesses. Incorporated in Delaware and headquartered in Connecticut, the company completed its initial public offering of units in late 2020 and began trading on the Nasdaq under the symbol ATMVU.

The company’s investment focus spans technology, media and telecommunications (TMT), financial technology and consumer sectors, targeting businesses that demonstrate innovative solutions, scalable operations and strong growth potential.

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