Nasdaq
华尔街日报What's Going On With AlphaTime Acquisition (ATMC) Stock Tuesday?
AlphaTime Acquisition Corp. (NASDAQ:ATMC) shares are trading higher Tuesday after shareholders approved its merger agreement with HCYC Group.
- AlphaTime stock is challenging resistance. What’s driving ATMC to record levels?
What To Know: According to a filing, AlphaTime held an extraordinary general meeting on Dec. 5 at which holders of 2,254,597 ordinary shares were present in person or by proxy, representing approximately 98% of the voting power eligible to vote. At the meeting, shareholders approved the agreement and plan of merger dated Jan. 5, 2024 and amended Aug. 19, 2024.
Low-float SPACs appear to be seeing increased attention in recent trading sessions, which may explain some of Tuesday’s outsized move.
How To Buy ATMC Stock
By now you're likely curious about how to participate in the market for AlphaTime – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
ATMC Price Action: At the time of writing, AlphaTime shares are trading 358.46% higher at $71.52, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.