AlphaVest Acquisition (NASDAQ:ATMV) Stock Price Up 0% – Should You Buy?

Shares of AlphaVest Acquisition Corp (NASDAQ:ATMV) rose 0% during trading on Monday . The company traded as high as $11.56 and last traded at $11.57. Approximately 1,000 shares were traded during trading, a decline of 97% from the average daily volume of 29,014 shares. The stock had previously closed at $11.56.

AlphaVest Acquisition Price Performance

The firm has a 50-day moving average of $11.49 and a two-hundred day moving average of $11.33.

Hedge Funds Weigh In On AlphaVest Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank purchased a new position in AlphaVest Acquisition in the fourth quarter valued at approximately $114,000. Glazer Capital LLC increased its position in shares of AlphaVest Acquisition by 16.1% in the third 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 in the last quarter. Finally, Crossingbridge Advisors LLC purchased a new position in shares of AlphaVest Acquisition in the 3rd quarter valued at $3,087,000. 46.08% of the stock is owned by institutional investors and hedge funds.

AlphaVest Acquisition Company Profile

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.