Everest Consolidator Acquisition (NYSE:MNTN) Shares Down 0.3% – Here’s Why

Everest Consolidator Acquisition Co. (NYSE:MNTN) dropped 0.3% on Monday . The stock traded as low as $11.35 and last traded at $11.35. Approximately 124 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 33,377 shares. The stock had previously closed at $11.38.

Everest Consolidator Acquisition Price Performance

The firm has a fifty day simple moving average of $11.33 and a two-hundred day simple moving average of $11.28.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Everest Consolidator Acquisition stock. Cowen AND Company LLC bought a new stake in Everest Consolidator Acquisition Co. (NYSE:MNTN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 509,854 shares of the company’s stock, valued at approximately $5,746,000. Cowen AND Company LLC owned 4.36% of Everest Consolidator Acquisition as of its most recent SEC filing. Institutional investors and hedge funds own 72.90% of the company’s stock.

About Everest Consolidator Acquisition

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.