Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 0.3% – Should You Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY)’s stock price traded down 0.3% during trading on Friday . The stock traded as low as $11.66 and last traded at $11.66. 318 shares were traded during trading, a decline of 87% from the average session volume of 2,482 shares. The stock had previously closed at $11.70.

Alchemy Investments Acquisition Corp 1 Price Performance

The company’s 50 day simple moving average is $11.83 and its 200-day simple moving average is $11.91.

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) last announced its quarterly earnings data on Thursday, May 21st. The company reported ($0.08) earnings per share for the quarter.

Institutional Trading of Alchemy Investments Acquisition Corp 1

Hedge funds have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. boosted its position in Alchemy Investments Acquisition Corp 1 by 1.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 101,434 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,434 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Alchemy Investments Acquisition Corp 1 by 37.8% in the 1st quarter. Calamos Advisors LLC now owns 68,913 shares of the company’s stock worth $814,000 after acquiring an additional 18,913 shares in the last quarter. Finally, Clear Street Group Inc. lifted its stake in shares of Alchemy Investments Acquisition Corp 1 by 131.6% during the 4th quarter. Clear Street Group Inc. now owns 15,000 shares of the company’s stock worth $213,000 after purchasing an additional 8,524 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

About Alchemy Investments Acquisition Corp 1

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.