Wolverine Asset Management LLC Lowers Stock Holdings in AlphaVest Acquisition Corp (NASDAQ:ATMV)

Wolverine Asset Management LLC lessened its position in AlphaVest Acquisition Corp (NASDAQ:ATMV) by 55.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 200,000 shares of the company’s stock after selling 245,598 shares during the quarter. Wolverine Asset Management LLC’s holdings in AlphaVest Acquisition were worth $2,280,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Glazer Capital LLC grew its position in AlphaVest Acquisition by 16.1% in the 3rd quarter. Glazer Capital LLC now owns 267,330 shares of the company’s stock valued at $2,978,000 after acquiring an additional 37,067 shares in the last quarter. Crossingbridge Advisors LLC purchased a new position in shares of AlphaVest Acquisition in the third quarter valued at approximately $3,087,000. Finally, Mizuho Securities USA LLC boosted its stake in shares of AlphaVest Acquisition by 108.7% in the third quarter. Mizuho Securities USA LLC now owns 560,368 shares of the company’s stock valued at $6,220,000 after purchasing an additional 291,908 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

AlphaVest Acquisition Stock Up 1.2 %

Shares of ATMV opened at $11.52 on Friday. AlphaVest Acquisition Corp has a fifty-two week low of $10.79 and a fifty-two week high of $11.50. The firm’s 50 day moving average price is $11.41 and its 200 day moving average price is $11.26.

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.