AleAnna (NASDAQ:ANNA) Trading Up 6.8% – Here’s What Happened

AleAnna Inc. (NASDAQ:ANNA) was up 6.8% on Friday . The stock traded as high as $7.89 and last traded at $7.6010. Approximately 1,791,303 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 3,604,734 shares. The stock had previously closed at $7.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

AleAnna Price Performance

The firm has a fifty day moving average of $3.35 and a two-hundred day moving average of $3.41. The stock has a market capitalization of $495.31 million, a P/E ratio of 185.63 and a beta of -0.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.00 and a quick ratio of 2.00.

Insider Activity at AleAnna

In other news, major shareholder C John Wilder sold 82,260 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $4.17, for a total value of $343,024.20. Following the completion of the sale, the insider owned 30,152,940 shares of the company’s stock, valued at approximately $125,737,759.80. This represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 325,784 shares of company stock valued at $1,224,557. Insiders own 42.90% of the company’s stock.

Hedge Funds Weigh In On AleAnna

Large investors have recently bought and sold shares of the business. Keel Point LLC purchased a new position in AleAnna during the 2nd quarter worth $79,000. Goldman Sachs Group Inc. purchased a new stake in AleAnna in the first quarter valued at about $94,000. Finally, Carlson Capital L.P. acquired a new stake in AleAnna in the third quarter worth about $362,000. Institutional investors 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.