AltC Acquisition (NYSE:ALCC) Sets New 12-Month High – Here’s What Happened

AltC Acquisition Corp. (NYSE:ALCC) shares hit a new 52-week high during trading on Monday . The company 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 Price Performance

The firm has a 50 day simple moving average of $14.54 and a 200-day simple moving average of $10.88.

Institutional Investors Weigh In On AltC Acquisition

A number of institutional investors have recently modified their holdings of ALCC. Virtu Financial LLC bought a new stake in AltC Acquisition during the first quarter worth about $163,000. Walleye Trading LLC boosted 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 acquiring an additional 7,221 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in AltC Acquisition during the first quarter valued at approximately $2,992,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of AltC Acquisition during the 1st 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.