AltC Acquisition (NYSE:ALCC) Reaches New 12-Month High – Here’s Why

AltC Acquisition Corp. (NYSE:ALCC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $26.05 and last traded at $22.91, with a volume of 18207497 shares trading hands. The stock had previously closed at $25.20.

AltC Acquisition Stock Performance

The firm has a 50 day moving average price of $15.51 and a two-hundred day moving average price of $11.04.

Institutional Trading of AltC Acquisition

A number of institutional investors have recently made changes to their positions in ALCC. Walleye Trading LLC grew its holdings in 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 acquiring an additional 7,221 shares during the period. Virtu Financial LLC acquired a new position in shares of AltC Acquisition in the 1st quarter worth approximately $163,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of AltC Acquisition in the first quarter valued at $2,992,000. 85.03% of the stock is owned by institutional investors and hedge funds.

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.