Berkley W R Corp Reduces Stake in AlphaVest Acquisition Corp

Berkley W R Corp has reduced its position in AlphaVest Acquisition Corp (NASDAQ:ATMV) by 17.4% during the third quarter, as indicated by its latest SEC filing. Following the sale of 72,627 shares within that period, Berkley W R Corp now holds 345,658 shares of the company. This stake represents approximately 4.93% of AlphaVest Acquisition, valued at about $3,851,000 at the end of the last quarter.

Recent investment changes among other institutional investors also reflect ongoing activity in AlphaVest Acquisition. For instance, Cowen AND Company LLC increased its holding by 68.8% in the second quarter, acquiring an additional 113,410 shares to reach a total of 278,202 shares valued at $3,069,000. Similarly, Spartan Fund Management Inc. established a new position in AlphaVest during the third quarter, valued around $546,000.

Mizuho Securities USA LLC also made significant moves, boosting its position by 108.7% in the third quarter, now owning a total of 560,368 shares worth $6,220,000 after an acquisition of 291,908 shares. Crossingbridge Advisors LLC entered the scene with a new stake valued at $3,087,000 during the same period. In another instance, Glazer Capital LLC raised its holdings by 16.1%, now holding 267,330 shares valued at $2,978,000 after buying an additional 37,067 shares. All these activities contribute to the fact that approximately 46.08% of AlphaVest Acquisition's stock is currently owned by hedge funds and other institutional investors.

Stock Performance Analysis

As of Friday, shares of AlphaVest Acquisition Corp (NASDAQ:ATMV) opened at $11.25. The stock has shown a consistent performance with a fifty-day simple moving average of $11.20 and a 200-day simple moving average of $11.12. The stock has experienced a twelve-month low of $10.64, contrasting with its highest recorded price of $11.25.

About AlphaVest Acquisition Corp

AlphaVest Acquisition Corp is a company focused on bringing together businesses through various methods such as mergers, asset acquisitions, and stock purchases. Established in 2022, the firm is based in New York, New York, and currently does not have active significant operations.

Investment Considerations

Before making investment decisions regarding AlphaVest Acquisition, potential investors should assess the recommendations from top analysts. MarketBeat, which tracks several leading research analysts, currently gives AlphaVest a "Hold" rating but highlights five other stocks as potentially better investment opportunities.

When considering investments, it’s crucial to evaluate multiple options to ensure the selections align with financial goals, especially in a competitive market environment.

Berkley, AlphaVest, Investment