AleAnna (NASDAQ:ANNA) Major Shareholder Sells $343,024.20 in Stock

AleAnna Inc. (NASDAQ:ANNA) major shareholder C John Wilder sold 82,260 shares of AleAnna stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $4.17, for a total value of $343,024.20. Following the sale, the insider directly owned 30,152,940 shares of the company’s stock, valued at approximately $125,737,759.80. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

C John Wilder also recently made the following trade(s):

• On Thursday, March 5th, C John Wilder sold 62,156 shares of AleAnna stock. The shares were sold at an average price of $3.71, for a total value of $230,598.76.
• On Wednesday, March 4th, C John Wilder sold 34,595 shares of AleAnna stock. The stock was sold at an average price of $3.34, for a total value of $115,547.30.
• On Friday, February 27th, C John Wilder sold 33,176 shares of AleAnna stock. The stock was sold at an average price of $3.36, for a total transaction of $111,471.36.
• On Tuesday, March 3rd, C John Wilder sold 91,373 shares of AleAnna stock. The stock was sold at an average price of $3.81, for a total transaction of $348,131.13.
• On Monday, March 2nd, C John Wilder sold 22,224 shares of AleAnna stock. The shares were sold at an average price of $3.41, for a total value of $75,783.84.

AleAnna Price Performance

NASDAQ ANNA traded up $0.25 during midday trading on Friday, hitting $4.09. The company had a trading volume of 4,031,335 shares, compared to its average volume of 177,159. The firm has a 50-day moving average price of $2.73 and a 200-day moving average price of $3.36. The company has a market capitalization of $272.61 million, a PE ratio of 102.25 and a beta of -0.02. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.03. AleAnna Inc. has a twelve month low of $2.31 and a twelve month high of $18.30.

Institutional Investors Weigh In On AleAnna

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Keel Point LLC bought a new position in AleAnna in the 2nd quarter valued at approximately $79,000. Goldman Sachs Group Inc. bought a new position in AleAnna in the first quarter valued at about $94,000. NewGen Equity Long Short Fund bought a new stake in shares of AleAnna during the second quarter worth about $204,000. Finally, Carlson Capital L.P. acquired a new position in shares of AleAnna in the third quarter valued at approximately $362,000. 38.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About AleAnna

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.