AlphaVest Acquisition (NASDAQ:ATMV) Trading Up 0.2%

AlphaVest Acquisition Corp (NASDAQ:ATMV)’s share price shot up 0.2% during mid-day trading on Thursday . The stock traded as high as $11.06 and last traded at $11.06. 146,670 shares changed hands during mid-day trading, an increase of 338% from the average session volume of 33,523 shares. The stock had previously closed at $11.04.

AlphaVest Acquisition Price Performance

The firm’s 50 day moving average price is $11.03 and its 200-day moving average price is $10.91.

Institutional Investors Weigh In On AlphaVest Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mizuho Securities USA LLC grew its stake in shares of AlphaVest Acquisition by 151.4% in the fourth quarter. Mizuho Securities USA LLC now owns 125,686 shares of the company’s stock worth $1,322,000 after acquiring an additional 75,686 shares during the last quarter. K2 Principal Fund L.P. acquired a new stake in AlphaVest Acquisition during the fourth quarter worth $1,589,000. Quarry LP acquired a new stake in AlphaVest Acquisition during the fourth quarter worth $1,961,000. Wolverine Asset Management LLC boosted its stake in AlphaVest Acquisition by 3.2% during the fourth quarter. Wolverine Asset Management LLC now owns 197,562 shares of the company’s stock worth $2,116,000 after buying an additional 6,211 shares in the last quarter. Finally, HGC Investment Management Inc. acquired a new stake in AlphaVest Acquisition during the fourth quarter worth $2,142,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

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.