Everest Consolidator Acquisition Co.'s (OTCMKTS:MNTN) Quiet Period To Expire on July 1st

Everest Consolidator Acquisition's (OTCMKTS:MNTN - Get Free Report) quiet period will expire on Tuesday, July 1st. Everest Consolidator Acquisition had issued 11,700,000 shares in its public offering on May 22nd. The total size of the offering was $187,200,000 based on an initial share price of $16.00. During the company's quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.Everest Consolidator Acquisition Stock Down 3.1%Shares of Everest Consolidator Acquisition stock opened at $19.01 on Tuesday. The company has a 50 day moving average of $11.69 and a 200-day moving average of $10.55. Everest Consolidator Acquisition has a 1-year low of $18.25 and a 1-year high of $32.49. Insider Buying and SellingIn other Everest Consolidator Acquisition news, Director Dana R. Settle sold 800,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $12,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,594,665 shares of company stock worth $41,514,640 in the last three months. 60.30% of the stock is owned by corporate insiders. Everest Consolidator Acquisition Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Everest Consolidator AcquisitionHow to Buy Gold Stock and Invest in GoldMicrosoft Stock Holds Steady as AI Drives Workforce ShiftWhat Are Growth Stocks and Investing in Them D-Wave Goes International With South Korea Partnership5 Top Rated Dividend Stocks to ConsiderPayment Giants Slide on Stablecoin Buzz—Is Now the Time to Buy?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Everest Consolidator Acquisition Right Now?Before you consider Everest Consolidator Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Everest Consolidator Acquisition wasn't on the list.While Everest Consolidator Acquisition currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here