Everest Consolidator Acquisition (NYSE:MNTN) Shares Down 0.2% – Here’s What Happened

Shares of Everest Consolidator Acquisition Co. (NYSE:MNTN) dropped 0.2% during trading on Tuesday . The stock traded as low as $11.41 and last traded at $11.43. Approximately 12,877 shares changed hands during trading, a decline of 59% from the average daily volume of 31,793 shares. The stock had previously closed at $11.45.

Everest Consolidator Acquisition Stock Down 0.2 %

The stock has a 50 day moving average of $11.36 and a 200 day moving average of $11.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Cowen AND Company LLC acquired a new position in shares of Everest Consolidator Acquisition Co. (NYSE:MNTN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 509,854 shares of the company’s stock, valued at approximately $5,746,000. Cowen AND Company LLC owned about 4.36% of Everest Consolidator Acquisition at the end of the most recent reporting period. Hedge funds and other institutional investors own 72.90% of the company’s stock.

Everest Consolidator Acquisition Company Profile

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.