Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) Trading Down 10% – Here’s What Happened

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) shares traded down 10% during mid-day trading on Thursday . The company traded as low as $13.50 and last traded at $13.50. 3 shares were traded during mid-day trading, a decline of 99% from the average session volume of 233 shares. The stock had previously closed at $15.00.

Alchemy Investments Acquisition Corp 1 Trading Down 10.0%

The business has a fifty day moving average price of $13.55 and a 200 day moving average price of $12.45.

Institutional Trading of Alchemy Investments Acquisition Corp 1

A hedge fund recently bought a new stake in Alchemy Investments Acquisition Corp 1 stock. Clear Street Group Inc. purchased a new position in Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,676 shares of the company’s stock, valued at approximately $29,000.

About Alchemy Investments Acquisition Corp 1

Alchemy Investments Acquisition Corp. 1 is a Delaware-incorporated special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, or similar business combination. Trading on the NASDAQ under the ticker ALCYU, the company does not currently engage in commercial operations and holds cash in trust pending identification of a suitable target.

The firm’s sponsor, Alchemy Investments LLC, is a private investment management platform specializing in alternative credit, specialty finance and structured credit investments.