Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Shares Down 0.2% – Should You Sell?

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) shares traded down 0.2% during mid-day trading on Thursday . The company traded as low as $10.13 and last traded at $10.13. 608,661 shares were traded during trading, an increase of 2,226% from the average session volume of 26,173 shares. The stock had previously closed at $10.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Axiom Intelligence Acquisition Corp 1 in a research report on Monday, January 26th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Trading Down 0.2%

Hedge Funds Weigh In On Axiom Intelligence Acquisition Corp 1

Several institutional investors have recently made changes to their positions in the company. Westchester Capital Management LLC raised its holdings in shares of Axiom Intelligence Acquisition Corp 1 by 35.0% in the fourth quarter. Westchester Capital Management LLC now owns 675,000 shares of the company’s stock valued at $6,797,000 after acquiring an additional 175,000 shares in the last quarter. Radcliffe Capital Management L.P. increased its position in Axiom Intelligence Acquisition Corp 1 by 16.4% during the 4th quarter. Radcliffe Capital Management L.P. now owns 549,758 shares of the company’s stock valued at $5,531,000 after purchasing an additional 77,571 shares during the period. Meteora Capital LLC raised its holdings in shares of Axiom Intelligence Acquisition Corp 1 by 59.9% in the 4th quarter. Meteora Capital LLC now owns 538,336 shares of the company’s stock valued at $5,416,000 after purchasing an additional 201,753 shares in the last quarter. Millennium Management LLC lifted its position in shares of Axiom Intelligence Acquisition Corp 1 by 94.2% in the 4th quarter. Millennium Management LLC now owns 513,750 shares of the company’s stock worth $5,168,000 after purchasing an additional 249,250 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth approximately $5,035,000.

About Axiom Intelligence Acquisition Corp 1

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.