AleAnna (NASDAQ:ANNA) Shares Gap Up – Here’s What Happened

AleAnna Inc. (NASDAQ:ANNA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.45, but opened at $6.91. AleAnna shares last traded at $7.9020, with a volume of 31,159,372 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

AleAnna Trading Down 9.2%

The business has a 50 day simple moving average of $3.26 and a 200-day simple moving average of $3.39. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $464.55 million, a price-to-earnings ratio of 174.25 and a beta of -0.02.

Insider Buying and Selling at AleAnna

In related news, major shareholder C John Wilder sold 91,373 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $3.81, for a total value of $348,131.13. Following the sale, the insider directly owned 30,359 shares of the company’s stock, valued at approximately $115,667.79. This trade represents a 75.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 325,784 shares of company stock worth $1,224,557. Corporate insiders own 42.90% of the company’s stock.

Hedge Funds Weigh In On AleAnna

Several institutional investors and hedge funds have recently bought and sold shares of ANNA. Carlson Capital L.P. acquired a new position in shares of AleAnna in the 3rd quarter valued at $362,000. Goldman Sachs Group Inc. purchased a new stake in shares of AleAnna during the 1st quarter valued at $94,000. Finally, Keel Point LLC acquired a new stake in shares of AleAnna during the 2nd quarter worth $79,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.