AltC Acquisition Corp. (NYSE:ALCC – Get Free Report) shares fell 1.4% during trading on Friday. The stock traded as low as $37.56 and last traded at $38.29. 7,352,288 shares traded hands during mid-day trading, an increase of 916% from the average session volume of 723,393 shares. The stock had previously closed at $38.82.
AltC Acquisition Stock Performance
The stock has a 50-day simple moving average of $41.31 and a 200-day simple moving average of $52.84.
About AltC Acquisition
AltC Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with a private business operating in the technology and energy sectors. Unlike an operating company, AltC did not manufacture products or provide commercial services of its own; its primary purpose was to raise capital through an initial public offering and pursue a merger with a target company.
AltC announced an agreement to combine with Oklo Inc, a company developing advanced fission power technology and compact nuclear reactors intended to provide reliable, low-carbon electricity.
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