AltC Acquisition (NYSE:ALCC) Hits New 1-Year High – Time to Buy?

Shares of AltC Acquisition Corp. (NYSE:ALCC) reached a new 52-week high 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 Down 3.9 %

The firm has a fifty day simple moving average of $14.54 and a 200 day simple moving average of $10.88.

Hedge Funds Weigh In On AltC Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of AltC Acquisition in the 1st quarter valued at $163,000. Walleye Trading LLC lifted its holdings 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 purchasing an additional 7,221 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in AltC Acquisition in the 1st quarter valued at approximately $2,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in AltC Acquisition in the 1st quarter valued at approximately $6,754,000. 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.