AltC Acquisition Sees Unusually Large Options Volume (NYSE:ALCC)

AltC Acquisition Corp. (NYSE:ALCC) saw unusually large options trading activity on Friday. Stock investors purchased 11,539 put options on the company. This represents an increase of 315% compared to the typical daily volume of 2,780 put options.

Institutional Trading of AltC Acquisition

A number of large investors have recently made changes to their positions in the company. Meteora Capital LLC increased its stake in shares of AltC Acquisition by 1,303.4% during the third quarter. Meteora Capital LLC now owns 3,480,078 shares of the company’s stock worth $36,019,000 after buying an additional 3,232,095 shares during the period. MMCAP International Inc. SPC increased its stake 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 buying an additional 484,669 shares during the period. Hsbc Holdings PLC increased its stake in 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 last quarter. Readystate Asset Management LP purchased a new position in AltC Acquisition in the fourth quarter valued at approximately $3,735,000. Finally, Levin Capital Strategies L.P. increased its stake in 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 purchasing an additional 176,100 shares during the last quarter. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

AltC Acquisition Stock Performance

ALCC stock opened at $12.81 on Friday. The company’s 50 day moving average price is $11.70 and its 200 day moving average price is $10.92. AltC Acquisition has a fifty-two week low of $10.24 and a fifty-two week high of $17.49.

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.