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

AleAnna Inc. (NASDAQ:ANNA)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.26, but opened at $8.64. AleAnna shares last traded at $9.1440, with a volume of 2,924,870 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

AleAnna Price Performance

The business has a fifty day moving average price of $3.82 and a 200 day moving average price of $3.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market capitalization of $564.09 million, a price-to-earnings ratio of 212.55 and a beta of -1.21.

Insider Transactions at AleAnna

In other AleAnna news, major shareholder C John Wilder sold 91,373 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $3.81, for a total transaction of $348,131.13. Following the transaction, the insider owned 30,359 shares of the company’s stock, valued at approximately $115,667.79. This trade represents a 75.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 325,784 shares of company stock valued at $1,224,557. Corporate insiders own 42.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Keel Point LLC acquired a new position in shares of AleAnna during the second quarter valued at approximately $79,000. Goldman Sachs Group Inc. bought a new stake in shares of AleAnna in the 1st quarter worth $94,000. Finally, Carlson Capital L.P. bought a new stake in shares of AleAnna in the 3rd quarter worth $362,000. 38.10% of the stock is currently owned by institutional investors.

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.