AltC Acquisition (NYSE:ALCC) Sets New 1-Year High – Here’s What Happened

AltC Acquisition Corp. (NYSE:ALCC) reached a new 52-week high during trading on Tuesday . The company traded as high as $25.09 and last traded at $22.59, with a volume of 14649852 shares. The stock had previously closed at $24.06.

AltC Acquisition Trading Down 6.1 %

The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $10.54.

Institutional Investors Weigh In On AltC Acquisition

A number of institutional investors have recently added to or reduced their stakes in ALCC. Virtu Financial LLC purchased a new position in shares of AltC Acquisition in the 1st quarter valued at about $163,000. Herr Investment Group LLC acquired a new stake in AltC Acquisition in the 1st quarter worth about $1,145,000. Walleye Trading LLC boosted its stake 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 worth $1,314,000 after acquiring an additional 7,221 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in AltC Acquisition during the 1st quarter worth $2,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of AltC Acquisition during the first quarter worth $6,754,000. Institutional investors own 85.03% of the company’s stock.

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.