AlphaVest Acquisition (NASDAQ:ATMV) Trading 0.1% Higher – Time to Buy?

AlphaVest Acquisition Corp (NASDAQ:ATMV)’s stock price traded up 0.1% on Friday . The company traded as high as $11.23 and last traded at $11.23. 7,322 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 34,659 shares. The stock had previously closed at $11.22.

AlphaVest Acquisition Price Performance

The business’s 50-day moving average price is $11.17 and its 200-day moving average price is $11.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC boosted its holdings in AlphaVest Acquisition by 108.7% in the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock worth $6,220,000 after acquiring an additional 291,908 shares in the last quarter. Berkley W R Corp increased its stake in AlphaVest Acquisition by 92.8% during the 1st quarter. Berkley W R Corp now owns 418,285 shares of the company’s stock valued at $4,601,000 after purchasing an additional 201,381 shares in the last quarter. Cowen AND Company LLC raised its holdings in shares of AlphaVest Acquisition by 68.8% in the second quarter. Cowen AND Company LLC now owns 278,202 shares of the company’s stock worth $3,069,000 after buying an additional 113,410 shares during the last quarter. Crossingbridge Advisors LLC acquired a new stake in shares of AlphaVest Acquisition during the third quarter worth $3,087,000. Finally, Glazer Capital LLC raised its stake in AlphaVest Acquisition by 16.1% in the 3rd quarter. Glazer Capital LLC now owns 267,330 shares of the company’s stock worth $2,978,000 after acquiring an additional 37,067 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

About AlphaVest Acquisition

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.