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 traded hands during mid-day 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 company has a 50 day simple moving average of $12.28 and a 200 day simple moving average of $11.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meteora Capital LLC grew its position in shares of AltC Acquisition by 1,303.4% in the 3rd quarter. Meteora Capital LLC now owns 3,480,078 shares of the company’s stock valued at $36,019,000 after buying an additional 3,232,095 shares during the last quarter. MMCAP International Inc. SPC raised its holdings in AltC Acquisition by 80.8% during the 3rd quarter. MMCAP International Inc. SPC now owns 1,084,669 shares of the company’s stock worth $11,226,000 after purchasing an additional 484,669 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of AltC Acquisition by 40.6% in the 3rd quarter. Hsbc Holdings PLC now owns 492,187 shares of the company’s stock worth $5,092,000 after purchasing an additional 142,188 shares during the period. Readystate Asset Management LP bought a new stake in shares of AltC Acquisition in the 4th quarter valued at $3,735,000. Finally, Levin Capital Strategies L.P. raised its stake in AltC Acquisition by 193.5% during the third quarter. Levin Capital Strategies L.P. now owns 267,100 shares of the company’s stock worth $2,764,000 after buying an additional 176,100 shares during the last quarter. 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.