AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) saw some unusual options trading on Thursday. Stock investors bought 6,882 call options on the stock. This is an increase of 42% compared to the average volume of 4,846 call options.
Institutional Investors Weigh In On AltC Acquisition
A number of hedge funds have recently bought and sold shares of ALCC. Meteora Capital LLC boosted its stake in AltC Acquisition by 1,303.4% during the 3rd quarter. Meteora Capital LLC now owns 3,480,078 shares of the company's stock worth $36,019,000 after purchasing an additional 3,232,095 shares during the period. MMCAP International Inc. SPC lifted its position in shares of AltC Acquisition by 80.8% during the third 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. Readystate Asset Management LP acquired a new stake in shares of AltC Acquisition during the 4th quarter valued at approximately $3,735,000. Citigroup Inc. bought a new stake in AltC Acquisition in the third quarter valued at $2,588,000. Finally, Levin Capital Strategies L.P. boosted its holdings in shares of AltC Acquisition by 193.5% in the third quarter. Levin Capital Strategies L.P. now owns 267,100 shares of the company's stock valued at $2,764,000 after acquiring an additional 176,100 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company's stock.
AltC Acquisition Stock Up 20.2 %
NYSE ALCC traded up $3.06 during mid-day trading on Thursday, hitting $18.23. The stock had a trading volume of 5,059,681 shares, compared to its average volume of 721,168. AltC Acquisition has a twelve month low of $10.27 and a twelve month high of $18.80. The firm's 50 day moving average is $12.28 and its 200 day moving average is $11.15.
AltC Acquisition Company Profile
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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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