AltC Acquisition (NYSE:ALCC) Trading 0.3% Higher – Here’s Why

AltC Acquisition Corp. (NYSE:ALCC)’s stock price rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $85.83 and last traded at $83.44. Approximately 11,057,593 shares traded hands during trading, an increase of 1,429% from the average daily volume of 723,393 shares. The stock had previously closed at $83.23.

AltC Acquisition Trading Up 0.3%

The company’s fifty day simple moving average is $110.27 and its two-hundred day simple moving average is $90.78.

AltC Acquisition Company Profile

AltC Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition or similar business combination. Trading on the New York Stock Exchange under the ticker symbol ALCC, the company has no ongoing commercial operations apart from identifying and completing a qualifying business combination.

Since its $10 per unit IPO, AltC Acquisition Corp has held the net proceeds in a trust account earning interest, with the goal of deploying those funds toward a target business in a sector or geography that complements its management team’s experience.