AltC Acquisition (NYSE:ALCC) Sets New 52-Week High – Should You Buy?

AltC Acquisition Corp. (NYSE:ALCC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.69 and last traded at $21.72, with a volume of 14831244 shares changing hands. The stock had previously closed at $20.58.

AltC Acquisition Stock Up 5.5 %

The stock has a 50-day simple moving average of $11.36 and a 200 day simple moving average of $10.29.

Hedge Funds Weigh In On AltC Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in AltC Acquisition during the first quarter worth $6,754,000. SkyView Investment Advisors LLC bought a new position in AltC Acquisition in the 1st quarter valued at $2,992,000. Walleye Trading LLC grew its holdings in shares of 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 purchasing an additional 7,221 shares during the last quarter. Herr Investment Group LLC acquired a new stake in shares of AltC Acquisition in the first quarter valued at $1,145,000. Finally, Virtu Financial LLC acquired a new position in AltC Acquisition during the 1st quarter worth about $163,000. 85.03% of the stock is owned by 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.