AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) saw unusually large options trading on Monday. Traders bought 7,581 call options on the company. This is an increase of approximately 1,281% compared to the typical daily volume of 549 call options.
AltC Acquisition Stock Up 22.5 %
Shares of ALCC traded up $2.95 during midday trading on Monday, reaching $16.05. The stock had a trading volume of 6,875,592 shares, compared to its average volume of 377,490. The firm's 50 day moving average price is $10.98 and its 200-day moving average price is $10.63. AltC Acquisition has a 52 week low of $10.10 and a 52 week high of $17.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in AltC Acquisition in the first quarter valued at about $44,000. Trexquant Investment LP purchased a new position in AltC Acquisition in the second quarter valued at about $116,000. Walleye Trading LLC purchased a new position in AltC Acquisition in the second quarter valued at about $170,000. Qube Research & Technologies Ltd purchased a new position in AltC Acquisition in the third quarter valued at about $293,000. Finally, Toroso Investments LLC purchased a new position in AltC Acquisition in the fourth quarter valued at about $298,000. Hedge funds and other institutional investors own 85.03% of the company's stock.
About AltC Acquisition
(
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 similar 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.
Featured Stories
Before you consider AltC Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AltC Acquisition wasn't on the list.
While AltC Acquisition currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
