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AltC Acquisition (NYSE:ALCC) Shares Up 4.6% - Time to Buy?

AltC Acquisition logo with Energy background

Key Points

  • AltC Acquisition Corp. (NYSE:ALCC) shares rose by 4.6% during trading, reaching a last reported price of $73.97 after a significant increase in trading volume.
  • The stock's trading volume surged by 1,581% compared to its average session volume, indicating heightened investor interest.
  • AltC Acquisition intends to pursue a merger or other business combinations, as it currently lacks substantial operations.
  • Five stocks to consider instead of AltC Acquisition.

AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) shares shot up 4.6% during trading on Wednesday . The stock traded as high as $74.48 and last traded at $73.97. 12,162,847 shares changed hands during trading, an increase of 1,581% from the average session volume of 723,393 shares. The stock had previously closed at $70.72.

AltC Acquisition Stock Performance

The company has a 50 day simple moving average of $69.03 and a 200 day simple moving average of $47.12.

AltC Acquisition Company Profile

(Get Free Report)

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.

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