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

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

AltC Acquisition Stock Up 15.9 %

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

Hedge Funds Weigh In On AltC Acquisition

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of AltC Acquisition in the 1st quarter valued at about $163,000. Walleye Trading LLC increased its holdings 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 valued at $1,314,000 after purchasing an additional 7,221 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in AltC Acquisition during the 1st quarter valued at about $2,992,000. Herr Investment Group LLC purchased a new position in AltC Acquisition during the 1st quarter valued at about $1,145,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in AltC Acquisition during the 1st quarter valued at about $6,754,000. 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.