AltC Acquisition Corp. (NYSE:ALCC – Get Free Report) saw unusually large options trading activity on Friday. Stock traders bought 11,539 put options on the stock. This represents an increase of approximately 315% compared to the average daily volume of 2,780 put options.
AltC Acquisition Stock Performance
ALCC stock opened at $12.80 on Friday. AltC Acquisition has a one year low of $10.24 and a one year high of $17.49. The company has a fifty day moving average of $11.70 and a 200-day moving average of $10.92.
Institutional Trading of AltC Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC lifted its stake in shares of AltC Acquisition by 24.3% in the fourth quarter. FNY Investment Advisers LLC now owns 87,250 shares of the company’s stock valued at $921,000 after purchasing an additional 17,049 shares during the period. Cowen AND Company LLC acquired a new stake in shares of AltC Acquisition in the fourth quarter valued at about $896,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of AltC Acquisition in the third quarter valued at about $931,000. Spartan Fund Management Inc. acquired a new stake in shares of AltC Acquisition in the third quarter valued at about $1,258,000. Finally, Hsbc Holdings PLC lifted its stake in shares of AltC Acquisition by 40.6% in the third quarter. Hsbc Holdings PLC now owns 492,187 shares of the company’s stock valued at $5,092,000 after purchasing an additional 142,188 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.
AltC Acquisition Company Profile
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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