AlTi Global (NASDAQ:ALTI) Shares Gap Down to $5.04

AlTi Global, Inc. (NASDAQ:ALTI – Get Rating) shares gapped down before the market opened on Tuesday . The stock had previously closed at $5.04, but opened at $4.91. AlTi Global shares last traded at $5.29, with a volume of 9,368 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James started coverage on AlTi Global in a report on Tuesday, May 2nd. They issued a “strong-buy” rating and a $8.00 price target for the company.

AlTi Global Stock Up 0.7 %

The stock has a 50-day simple moving average of $8.88.

Institutional Trading of AlTi Global

Several institutional investors have recently made changes to their positions in the business. Citigroup Inc. acquired a new position in AlTi Global in the first quarter worth about $56,000. Cubist Systematic Strategies LLC acquired a new position in shares of AlTi Global in the 1st quarter worth approximately $63,000. Barclays PLC acquired a new position in shares of AlTi Global in the 1st quarter worth approximately $116,000. MMCAP International Inc. SPC bought a new position in shares of AlTi Global during the 1st quarter worth approximately $115,000. Finally, Jane Street Group LLC acquired a new stake in AlTi Global in the 1st quarter valued at $182,000. 77.28% of the stock is currently owned by institutional investors and hedge funds.

About AlTi Global

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Altair Nanotechnologies Inc is engaged in the business of developing, manufacturing and selling its nano lithium titanate battery products and providing related design, installation and test services. The Company’s primary focus is marketing its large-scale energy storage solutions to power companies and electric grid operators throughout the world.