AltC Acquisition (NYSE:ALCC) Sees Unusually-High Trading Volume

AltC Acquisition Corp. (NYSE:ALCC) shares saw unusually-high trading volume on Thursday . Approximately 2,128,030 shares were traded during trading, an increase of 210% from the previous session’s volume of 685,938 shares.The stock last traded at $16.74 and had previously closed at $15.17.

AltC Acquisition Stock Performance

The business’s 50 day moving average is $12.28 and its two-hundred day moving average is $11.15.

Institutional Investors Weigh In On AltC Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Cowen AND Company LLC acquired a new stake in shares of AltC Acquisition during the 4th quarter worth approximately $896,000. FNY Investment Advisers LLC raised its holdings in shares of AltC Acquisition by 24.3% during the fourth quarter. FNY Investment Advisers LLC now owns 87,250 shares of the company’s stock valued at $921,000 after purchasing an additional 17,049 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of AltC Acquisition during the 3rd quarter worth about $931,000. K2 Principal Fund L.P. acquired a new stake in shares of AltC Acquisition in the 3rd quarter valued at about $1,478,000. Finally, Citigroup Inc. bought a new stake in AltC Acquisition in the 3rd quarter valued at about $2,588,000. 85.03% of the stock is currently owned by institutional investors.

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.