Stock Traders Purchase Large Volume of Call Options on AltC Acquisition (NYSE:ALCC)

AltC Acquisition Corp. (NYSE:ALCC) saw unusually large options trading on Thursday. Stock investors acquired 6,882 call options on the stock. This is an increase of 42% compared to the average volume of 4,846 call options.

AltC Acquisition Stock Up 20.2 %

Shares of ALCC opened at $18.23 on Friday. 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 price is $12.28 and its 200 day moving average price is $11.15.

Hedge Funds Weigh In On AltC Acquisition

Several hedge funds have recently bought and sold shares of the business. Cowen AND Company LLC acquired a new stake in shares of AltC Acquisition in the fourth quarter worth $896,000. FNY Investment Advisers LLC boosted its holdings in 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 acquiring an additional 17,049 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in AltC Acquisition during the third quarter valued at about $931,000. K2 Principal Fund L.P. acquired a new stake in shares of AltC Acquisition in the third quarter valued at about $1,478,000. Finally, Citigroup Inc. bought a new position in shares of AltC Acquisition in the third quarter worth about $2,588,000. 85.03% of the stock is owned by institutional investors and hedge funds.

About AltC Acquisition

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.