AltC Acquisition (NYSE:ALCC) Hits New 1-Year High – Here’s Why

AltC Acquisition Corp. (NYSE:ALCC) reached a new 52-week high during trading on Monday . The company traded as high as $22.15 and last traded at $20.67, with a volume of 33354990 shares. The stock had previously closed at $18.00.

AltC Acquisition Stock Up 14.8 %

The stock’s fifty day moving average is $13.99 and its two-hundred day moving average is $10.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of AltC Acquisition in the 1st quarter worth approximately $163,000. Herr Investment Group LLC purchased a new stake in AltC Acquisition in the first quarter worth $1,145,000. Walleye Trading LLC raised its stake in shares of AltC Acquisition by 6.7% in the first quarter. Walleye Trading LLC now owns 115,041 shares of the company’s stock valued at $1,314,000 after buying an additional 7,221 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of AltC Acquisition in the first quarter valued at $2,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of AltC Acquisition during the 1st quarter valued at $6,754,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

About AltC Acquisition

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.