Shares of AlphaVest Acquisition Corp (NASDAQ:ATMVU – Get Free Report) rose 48.9% during mid-day trading on Thursday . The company traded as high as $13.94 and last traded at $11.54. Approximately 2,595 shares changed hands during trading, a decline of 29% from the average daily volume of 3,644 shares. The stock had previously closed at $7.75.
AlphaVest Acquisition Stock Up 48.9%
The firm has a fifty day moving average of $9.83 and a 200-day moving average of $12.99.
About AlphaVest Acquisition
AlphaVest Acquisition (NASDAQ: ATMVU) is a special purpose acquisition company (SPAC) formed to pursue mergers, capital stock purchases, asset acquisitions, stock purchases or reorganizations with one or more businesses. Incorporated in Delaware and headquartered in Connecticut, the company completed its initial public offering of units in late 2020 and began trading on the Nasdaq under the symbol ATMVU.
The company’s investment focus spans technology, media and telecommunications (TMT), financial technology and consumer sectors, targeting businesses that demonstrate innovative solutions, scalable operations and strong growth potential.
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