AltC Acquisition (NYSE:ALCC) Sees Unusually-High Trading Volume

AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 2,128,030 shares were traded during 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.Get AltC Acquisition alerts:AltC Acquisition Stock PerformanceThe business's 50 day moving average is $12.28 and its two-hundred day moving average is $11.15. Institutional Investors Weigh In On AltC AcquisitionHedge funds have recently added to or reduced their stakes in the business. Cowen AND Company LLC acquired a new stake in shares of AltC Acquisition during the 4th quarter worth approximately $896,000. FNY Investment Advisers LLC raised its holdings in shares of AltC Acquisition by 24.3% during 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. Schonfeld Strategic Advisors LLC bought a new position in shares of AltC Acquisition during the 3rd quarter worth about $931,000. K2 Principal Fund L.P. acquired a new stake in shares of AltC Acquisition in the 3rd quarter valued at about $1,478,000. Finally, Citigroup Inc. bought a new stake in AltC Acquisition in the 3rd quarter valued at about $2,588,000. 85.03% of the stock is currently owned by institutional investors. 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 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.Further ReadingFive stocks we like better than AltC Acquisition5 discounted opportunities for dividend growth investorsRoblox: The Bottom Just Fell Out of the MetaverseInsider Trades May Not Tell You What You ThinkAirbnb Stock Plummets After Earnings, But is It a Buy?What Are Dividend Champions? How to Invest in the ChampionsUber's Earnings Drop Is Investors OpportunityThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ 1970’s computer coder Issues Shocking AI Warning (From InvestorPlace) (Ad)Should you invest $1,000 in AltC Acquisition right now?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.