APTM Stock Summary and Trading Ideas (Alpha Partners Technology Merger Corp. - Class A | NASDAQ:APTM)

Alpha Partners Technology Merger Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Alpha Partners Technology Merger Corp. - Class A trades on the NASDAQ stock market under the symbol APTM.

As of March 20, 2023, APTM stock price climbed to $10.29 with 2,602 million shares trading.

APTM has a beta of 0.01, meaning it tends to be less sensitive to market movements. APTM has a correlation of 0.02 to the broad based SPY ETF.

APTM has a market cap of $372.33 million. This is considered a Small Cap stock.

APTM has outperformed the market in the last year with a price return of +6.4% while the SPY ETF lost -8.7%. However, in the short term, APTM had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.0% vs +3.1% return in SPY. But in the last 2 weeks, APTM shares have fared better than the market returning +1.2% compared to SPY -2.2%.

APTM support price is $10.18 and resistance is $10.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APTM stock will trade within this expected range on the day.