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

AltC Acquisition Corp. (NYSE:ALCC) shares hit a new 52-week high on Monday . The company traded as high as $26.05 and last traded at $22.91, with a volume of 18207497 shares changing hands. The stock had previously closed at $25.20.

AltC Acquisition Price Performance

The firm’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $11.11.

Institutional Trading of AltC Acquisition

An institutional investor recently raised its position in AltC Acquisition stock. Walleye Trading LLC boosted its stake in shares of AltC Acquisition Corp. (NYSE:ALCC) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,041 shares of the company’s stock after purchasing an additional 7,221 shares during the quarter. Walleye Trading LLC owned about 0.38% of AltC Acquisition worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 85.03% of the stock is currently 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.