AleAnna (NASDAQ:ANNA) Stock Price Up 5.6% – Here’s What Happened

Shares of AleAnna Inc. (NASDAQ:ANNA) rose 5.6% on Tuesday . The stock traded as high as $8.88 and last traded at $8.2490. Approximately 1,237,729 shares traded hands during trading, a decline of 67% from the average daily volume of 3,765,640 shares. The stock had previously closed at $7.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

AleAnna Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a 50 day simple moving average of $4.12 and a two-hundred day simple moving average of $3.59. The company has a market cap of $531.87 million, a PE ratio of 200.05 and a beta of -1.19.

Insiders Place Their Bets

In related news, major shareholder C John Wilder sold 91,373 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $3.81, for a total transaction of $348,131.13. Following the transaction, the insider owned 30,359 shares of the company’s stock, valued at $115,667.79. This represents a 75.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 325,784 shares of company stock worth $1,224,557 over the last quarter. Corporate insiders own 42.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Keel Point LLC acquired a new position in AleAnna during the second quarter worth $79,000. Goldman Sachs Group Inc. purchased a new stake in AleAnna during the first quarter worth $94,000. Finally, Carlson Capital L.P. purchased a new stake in AleAnna during the third quarter worth $362,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.