AltC Acquisition (NYSE:ALCC) Hits New 12-Month High – Should You Buy?

AltC Acquisition Corp. (NYSE:ALCC) hit a new 52-week high on Monday . The stock traded as high as $22.15 and last traded at $20.67, with a volume of 33354990 shares trading hands. The stock had previously closed at $18.00.

AltC Acquisition Stock Performance

The business has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $10.81.

Institutional Investors Weigh In On AltC Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of AltC Acquisition in the 1st quarter worth $163,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in AltC Acquisition in the 1st quarter valued at about $6,754,000. Walleye Trading LLC lifted its position in shares of AltC Acquisition by 6.7% during the 1st quarter. Walleye Trading LLC now owns 115,041 shares of the company’s stock worth $1,314,000 after buying an additional 7,221 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of AltC Acquisition in the 1st quarter worth approximately $2,992,000. Finally, Herr Investment Group LLC bought a new position in shares of AltC Acquisition in the first quarter valued at approximately $1,145,000. 85.03% of the stock is owned by hedge funds and other 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.