AltC Acquisition (NYSE:ALCC) Hits New 52-Week High – Time to Buy?

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

AltC Acquisition Stock Performance

The company’s fifty day moving average is $8.18 and its 200-day moving average is $9.65.

Institutional Trading of AltC Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of AltC Acquisition during the first quarter worth approximately $163,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of AltC Acquisition in the first quarter worth $6,754,000. Walleye Trading LLC increased its position 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. SkyView Investment Advisors LLC acquired a new position in AltC Acquisition during the 1st quarter valued at $2,992,000. Finally, Herr Investment Group LLC bought a new stake in AltC Acquisition in the 1st quarter valued at $1,145,000. 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.