AltC Acquisition (NYSE:ALCC) Sets New 1-Year Low at $8.60

AltC Acquisition Corp. (NYSE:ALCC)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $8.60 and last traded at $9.01, with a volume of 2930713 shares changing hands. The stock had previously closed at $8.61.

AltC Acquisition Trading Up 4.6 %

The stock has a fifty day simple moving average of $9.09 and a 200 day simple moving average of $10.80.

Institutional Investors Weigh In On AltC Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Walleye Trading LLC increased 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 worth $1,314,000 after purchasing an additional 7,221 shares during the last quarter. Virtu Financial LLC bought a new stake in AltC Acquisition during the first quarter worth approximately $163,000. Cowen AND Company LLC bought a new stake in AltC Acquisition during the fourth quarter worth approximately $896,000. Herr Investment Group LLC bought a new stake in AltC Acquisition during the first quarter worth approximately $1,145,000. Finally, SkyView Investment Advisors LLC bought a new stake in AltC Acquisition during the first quarter worth approximately $2,992,000. 85.03% of the stock is owned by institutional investors.

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.