Stock Tip Tuesday…

Billionaire Hedge Fund Manager Buy Alert

Steve Cohen Buys New IPO Alto Neuroscience Inc.

Company
Alto Neuroscience Inc ($ANRO)

Why I’m Sadly More Bullish On Mental Health Therapies Than Ever Before👇

It’s no hidden fact that a lot of people are fucked up in today’s society and rightfully so, people are living paycheque to paycheque, getting bitched at by their boss, and have little to no meaning in their lives. 

And I’m sure everyone knows at least 1 person close to them who is affected by mental illness..

Here are some devastating statistics:

❗ 21 million people in the United States have depression 

❗ 49.3 million people in the United States have an Anxiety Disorder

❗ 9.3 million people in the United States experiencing PTSD in the past year

❗ Over 50 million people in the United States experienced mental illness in 2019-2020

Alright now for the heat….

Enter Alto Neuroscience:

👉 Personalized Mental Health Treatments:  
They are working on custom treatments for mental health issues, using advanced tech and machine learning to match therapies to individual patients, which could be more effective than one-size-fits-all solutions.

👉 Market Opportunity: Mental health is all the noise these days and there's a huge need for better treatments worldwide, Alto Neuroscience's innovative approaches could reach a lot of people, making the company very valuable.

👉 Expert Team: Having a team with a strong background in developing drugs and navigating complex regulations boosts confidence in the company's future success.

👉 What They Use: They use a mix of modern technology, like AI, brain scans, wearable devices, biomarkers, genetics, etc to make mental health treatment more personalized and effective.

⚠️ Risks:

⚠️ Shares are illiquid

⚠️ Biotech stocks can be extremely risky

Stock
Steve Cohen Buy Alert & IPO 💰

The Company recently completed a larger-than-planned initial public offering (IPO), selling 9,246,000 shares at $16 each. This includes extra shares that the underwriters decided to buy. Alto made about $147.9 million from the sale before paying for costs related to the offering. The company's stock is now available on the New York Stock Exchange under the symbol $ANRO

If it’s good enough for Steve Cohen it’s probably good enough for us peasants…

As you can see, Steve bought 1.6m shares of the company and his position now represents 6.6% of the total shares outstanding…

Steve has an average cost of $19.39 and the stock closed today at $14.25

Thank you
That’s All Folks

Here’s a video of the CEO giving an overview of the company 👇

Let us know what you think, is it a buy or is Steve out to lunch on this one?

Thank you for reading. Like usual. Not financial advice.

Cheers,

VHLA TEAM