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

AltC Acquisition Corp. (NYSE:ALCC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.12 and last traded at $22.89, with a volume of 29446504 shares changing hands. The stock had previously closed at $24.84.

AltC Acquisition Stock Performance

The firm’s 50-day moving average price is $9.87 and its 200 day moving average price is $9.96.

Institutional Trading of AltC Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of ALCC. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in AltC Acquisition in the first quarter valued at approximately $6,754,000. SkyView Investment Advisors LLC acquired a new stake in AltC Acquisition in the first quarter worth $2,992,000. Herr Investment Group LLC bought a new stake in AltC Acquisition in the first quarter valued at $1,145,000. Virtu Financial LLC acquired a new position in shares of AltC Acquisition during the first quarter valued at $163,000. Finally, Walleye Trading LLC grew its position in shares of 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 last quarter. 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.