AlphaVest Acquisition (NASDAQ:ATMV) up 0.2%

AlphaVest Acquisition Corp (NASDAQ:ATMV – Get Free Report) stock rose 0.2% in trading on Thursday. The stock hit $11.06, and was last traded at $11.06. About 146,670 shares changed hands in trading, a 338% increase over its average daily volume of 33,523 shares. The stock had previously closed at $11.04.

AlphaVest Acquisition Share Results

The company’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $10.91.

Hedge funds consider taking over AlphaVest

Large investors have recently bought and sold shares. Mizuho Securities USA LLC increased its holdings in AlphaVest Acquisition by 151.4% in the 4th quarter. Mizuho Securities USA LLC now owns 125,686 shares of the company’s stock worth $1,322,000 after purchasing an additional 75,686 shares during the period. K2 Principal Fund LP acquired a new position in AlphaVest Acquisition in the 4th quarter worth approximately $1,589,000. Quarry LP acquired a new position in AlphaVest Acquisition in the 4th quarter worth approximately $1,961,000. Wolverine Asset Management LLC increased its holdings in AlphaVest Acquisition by 3.2% in the 4th quarter. Wolverine Asset Management LLC now owns 197,562 shares of the company’s stock valued at $2,116,000 after purchasing an additional 6,211 shares during the period. Finally, HGC Investment Management Inc. bought a new position in shares of AlphaVest Acquisition in the 4th quarter valued at approximately $2,142,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

AlphaVest Acquisition Company Profile

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AlphaVest Acquisition Corp has no significant operations. Its focus is on executing mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or related business combinations with one or more companies. The company was founded in 2022 and is headquartered in New York, New York.

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