AltC Acquisition (NYSE:ALCC) Hits New 52-Week Low at $7.18

AltC Acquisition Corp. (NYSE:ALCC)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $7.18 and last traded at $7.27, with a volume of 2371519 shares. The stock had previously closed at $7.51.

AltC Acquisition Stock Down 3.2 %

The company’s fifty day moving average price is $8.75 and its two-hundred day moving average price is $10.48.

Hedge Funds Weigh In On AltC Acquisition

Large investors have recently made changes to their positions in the business. Walleye Trading LLC boosted its stake in shares of AltC Acquisition by 6.7% in the 1st quarter. Walleye Trading LLC now owns 115,041 shares of the company’s stock valued at $1,314,000 after purchasing an additional 7,221 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of AltC Acquisition during the 1st quarter worth $163,000. Cowen AND Company LLC acquired a new stake in shares of AltC Acquisition during the 4th quarter worth $896,000. Herr Investment Group LLC acquired a new stake in AltC Acquisition in the first quarter valued at about $1,145,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of AltC Acquisition during the first quarter worth $2,992,000. Institutional investors 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.