Shares of AlphaVest Acquisition Corp (NASDAQ:ATMV – Get Free Report) rose 0.1% during mid-day trading on Friday . The company traded as high as $11.23 and last traded at $11.23. Approximately 7,322 shares traded hands during trading, a decline of 79% from the average daily volume of 34,659 shares. The stock had previously closed at $11.22.
AlphaVest Acquisition Price Performance
The stock has a fifty day moving average price of $11.17 and a 200 day moving average price of $11.10.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Berkley W R Corp lifted its holdings in shares of AlphaVest Acquisition by 92.8% in the first quarter. Berkley W R Corp now owns 418,285 shares of the company’s stock worth $4,601,000 after buying an additional 201,381 shares in the last quarter. Cowen AND Company LLC grew its position in AlphaVest Acquisition by 68.8% in the second quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock worth $3,069,000 after acquiring an additional 113,410 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of AlphaVest Acquisition in the 3rd quarter worth about $546,000. Mizuho Securities USA LLC boosted its stake in AlphaVest Acquisition by 108.7% in the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock worth $6,220,000 after buying an additional 291,908 shares in the last quarter. Finally, Crossingbridge Advisors LLC purchased a new stake in shares of AlphaVest Acquisition in the 3rd quarter valued at $3,087,000. Institutional investors own 46.08% of the company’s stock.
AlphaVest Acquisition Company Profile
AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.
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