Alpha Capital Acquisition (NASDAQ:ASPC) Stock Price Up 4.4% – Here’s What Happened

Alpha Capital Acquisition (NASDAQ:ASPC) rose 4.4% during trading on Thursday . The company traded as high as $11.61 and last traded at $11.55. Approximately 3,339 shares traded hands during trading, a decline of 94% from the average daily volume of 53,236 shares. The stock had previously closed at $11.06.

Wall Street Analysts Forecast Growth

ASPC has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Capital Acquisition in a research report on Friday, May 1st. Wall Street Zen raised Alpha Capital Acquisition to a “sell” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Alpha Capital Acquisition Stock Performance

The business has a fifty day moving average of $11.20 and a 200-day moving average of $12.64.

Institutional Trading of Alpha Capital Acquisition

A number of institutional investors have recently added to or reduced their stakes in ASPC. Goldman Sachs Group Inc. purchased a new stake in Alpha Capital Acquisition during the 1st quarter worth about $636,000. Gabelli Funds LLC purchased a new stake in Alpha Capital Acquisition during the 2nd quarter worth about $736,000. Sandia Investment Management LP purchased a new stake in Alpha Capital Acquisition during the 2nd quarter worth about $308,000. Radcliffe Capital Management L.P. purchased a new stake in Alpha Capital Acquisition during the 2nd quarter worth about $336,000. Finally, Berkley W R Corp lifted its holdings in Alpha Capital Acquisition by 19.3% during the 3rd quarter. Berkley W R Corp now owns 615,149 shares of the company’s stock worth $6,361,000 after purchasing an additional 99,579 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

About Alpha Capital Acquisition

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.