AltC Acquisition (NYSE:ALCC) Sets New 12-Month High – Time to Buy?

AltC Acquisition Corp. (NYSE:ALCC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $20.64 and last traded at $18.23, with a volume of 48711248 shares changing hands. The stock had previously closed at $15.73.

AltC Acquisition Price Performance

The firm’s fifty day moving average price is $8.18 and its 200-day moving average price is $9.63.

Institutional Trading of AltC Acquisition

A number of large investors have recently bought and sold shares of ALCC. Virtu Financial LLC acquired a new stake in AltC Acquisition during the 1st quarter worth $163,000. Herr Investment Group LLC acquired a new stake in shares of AltC Acquisition in the 1st quarter worth $1,145,000. Walleye Trading LLC lifted its stake in shares of AltC Acquisition by 6.7% in the 1st quarter. Walleye Trading LLC now owns 115,041 shares of the company’s stock worth $1,314,000 after acquiring an additional 7,221 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of AltC Acquisition in the 1st quarter worth $2,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of AltC Acquisition in the 1st quarter worth $6,754,000. 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.