AltC Acquisition (NYSE:ALCC) Sees Large Volume Increase

AltC Acquisition Corp. (NYSE:ALCC) saw unusually-strong trading volume on Thursday . Approximately 2,128,030 shares changed hands 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 Up 20.2 %

The firm’s 50-day moving average is $12.28 and its 200 day moving average is $11.15.

Institutional Investors Weigh In On AltC Acquisition

A number of institutional investors have recently bought and sold shares of the stock. Cowen AND Company LLC purchased a new stake in shares of AltC Acquisition during the 4th quarter worth about $896,000. FNY Investment Advisers LLC lifted its stake 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 worth $921,000 after purchasing an additional 17,049 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of AltC Acquisition in the third quarter valued at about $931,000. K2 Principal Fund L.P. purchased a new stake in shares of AltC Acquisition during the 3rd quarter valued at about $1,478,000. Finally, Citigroup Inc. acquired a new position in AltC Acquisition during the 3rd quarter worth approximately $2,588,000. 85.03% of the stock is currently owned by hedge funds and other 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.