AltC Acquisition (NYSE:ALCC) Sets New 1-Year Low at $8.60

Shares of AltC Acquisition Corp. (NYSE:ALCC) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.60 and last traded at $9.01, with a volume of 2930713 shares. The stock had previously closed at $8.61.

AltC Acquisition Stock Performance

The business has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $10.80.

Institutional Investors Weigh In On AltC Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Cowen AND Company LLC purchased a new stake in shares of AltC Acquisition in the fourth quarter worth approximately $896,000. Readystate Asset Management LP purchased a new stake in shares of AltC Acquisition in the fourth quarter worth approximately $3,735,000. Virtu Financial LLC purchased a new stake in shares of AltC Acquisition in the first quarter worth approximately $163,000. Walleye Trading LLC lifted its position 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 worth $1,314,000 after purchasing an additional 7,221 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of AltC Acquisition in the first quarter worth approximately $2,992,000. Institutional investors and hedge funds 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.