Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Shares Down 0.5% - Should You Sell?

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Get Free Report) traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $11.30 and last traded at $11.30. 841 shares were traded during trading, a decline of 98% from the average session volume of 46,787 shares. The stock had previously closed at $11.36.

Alchemy Investments Acquisition Corp 1 Price Performance

The business's 50 day simple moving average is $11.23 and its 200 day simple moving average is $11.08.

Institutional Investors Weigh In On Alchemy Investments Acquisition Corp 1

An institutional investor recently bought a new position in Alchemy Investments Acquisition Corp 1 stock. Decagon Asset Management LLP bought a new position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,050 shares of the company's stock, valued at approximately $143,000. Decagon Asset Management LLP owned about 0.29% of Alchemy Investments Acquisition Corp 1 as of its most recent filing with the Securities and Exchange Commission. 92.46% of the stock is owned by institutional investors.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1, a special purpose acquisition company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It plans to focus on companies acquiring, processing, analysing, and utilizing data acquired from various systems and sources.