AltC Acquisition (NYSE:ALCC) Sets New 12-Month High – Here’s What Happened

AltC Acquisition Corp. (NYSE:ALCC)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.05 and last traded at $22.91, with a volume of 18207497 shares traded. The stock had previously closed at $25.20.

AltC Acquisition Stock Performance

The company has a 50-day moving average of $15.51 and a 200 day moving average of $11.04.

Institutional Trading of AltC Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of ALCC. Walleye Trading LLC grew its position in AltC Acquisition by 6.7% during the first quarter. Walleye Trading LLC now owns 115,041 shares of the company’s stock worth $1,314,000 after buying an additional 7,221 shares during the period. Virtu Financial LLC acquired a new position in AltC Acquisition during the first quarter worth $163,000. Finally, SkyView Investment Advisors LLC purchased a new stake in AltC Acquisition during the first quarter worth $2,992,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.

AltC Acquisition Company Profile

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.