Altimeter Growth (NASDAQ:AGC) Sees Large Volume Increase

Altimeter Growth Corp. (NASDAQ:AGC) saw an uptick in trading volume on Thursday . 248,484 shares were traded during trading, a decline of 74% from the previous session’s volume of 954,879 shares.The stock last traded at $10.70 and had previously closed at $10.09.

Separately, New Street Research assumed coverage on shares of Altimeter Growth in a report on Friday, October 1st. They issued a “buy” rating and a $13.00 price target on the stock.

The firm’s fifty day simple moving average is $10.41 and its 200 day simple moving average is $11.37.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley acquired a new position in shares of Altimeter Growth during the 1st quarter worth about $40,000. The PNC Financial Services Group Inc. acquired a new position in shares of Altimeter Growth during the 1st quarter worth about $46,000. Brown Brothers Harriman & Co. acquired a new position in shares of Altimeter Growth during the 2nd quarter worth about $75,000. Hartree Partners LP acquired a new position in shares of Altimeter Growth during the 1st quarter worth about $78,000. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Altimeter Growth during the 2nd quarter worth about $85,000. 55.67% of the stock is currently owned by institutional investors and hedge funds.

Altimeter Growth Company Profile (NASDAQ:AGC)

Altimeter Growth Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Altimeter Growth Corp. was founded in in 2020 and is based in Menlo Park, California.

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