Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Issues Quarterly Earnings Results

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCYGet Free Report) released its earnings results on Thursday. The company reported ($0.08) EPS for the quarter, FiscalAI reports.

Alchemy Investments Acquisition Corp 1 Price Performance

Shares of Alchemy Investments Acquisition Corp 1 stock remained flat at $11.70 on Thursday. The company had a trading volume of 1,378 shares, compared to its average volume of 2,482. Alchemy Investments Acquisition Corp 1 has a 12-month low of $10.25 and a 12-month high of $15.90. The company has a fifty day simple moving average of $11.83 and a 200 day simple moving average of $11.91.

Institutional Investors Weigh In On Alchemy Investments Acquisition Corp 1

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Group Inc. acquired a new stake in shares of Alchemy Investments Acquisition Corp 1 during the third quarter worth about $75,000. Calamos Advisors LLC grew its position in Alchemy Investments Acquisition Corp 1 by 37.8% during the 1st quarter. Calamos Advisors LLC now owns 68,913 shares of the company’s stock worth $814,000 after purchasing an additional 18,913 shares during the period. Finally, Polar Asset Management Partners Inc. grew its position in Alchemy Investments Acquisition Corp 1 by 1.4% during the 4th quarter. Polar Asset Management Partners Inc. now owns 101,434 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,434 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

About Alchemy Investments Acquisition Corp 1

(Get Free Report)

Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.

The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.

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