Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) Shares Down 0.2% – Here’s What Happened

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) fell 0.2% during mid-day trading on Thursday . The company traded as low as $10.13 and last traded at $10.13. 608,661 shares traded hands during mid-day trading, an increase of 2,226% from the average session volume of 26,173 shares. The stock had previously closed at $10.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Axiom Intelligence Acquisition Corp 1 in a research report on Monday, January 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Stock Performance

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AXIN. ABC Arbitrage SA bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter valued at about $352,000. Heights Capital Management Inc. bought a new stake in Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $504,000. Tudor Investment Corp ET AL acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $1,018,000. Readystate Asset Management LP acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the fourth quarter valued at approximately $1,762,000. Finally, TIG Advisors LLC bought a new position in shares of Axiom Intelligence Acquisition Corp 1 during the 4th quarter worth approximately $3,018,000.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.