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AltC Acquisition Corp. (ALCC): The long term indicators on the stock call for a Buy today

AltC Acquisition Corp. (ALCC) saw an uptrend of 0.43% in the recent trading with $10.63 being its most recent. The current price level -0.19% lower than the highest price of $10.65 marked by the stock while trading over the past 52-weeks, whereas it is 10.16% higher than the lowest price of $9.65 the company dropped to over past 52-weeks. The latest news story on ALCC appeared in (Insider Monkey) under the title “Chase Colemans Tiger Global Management Portfolio: 10 New Stock Picks” on Dec-02-21.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


Squeezing the time span to 30 day period shows us the stock is currently trading -0.48% below one month high and is +3.81% above of the lowest during that time. Looking into the simple moving average, AltC Acquisition Corp. (ALCC)’s stock stands at a SMA-50 of $10.27 while that of 5-day is reading $10.59.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ALCC’s SMA-200 as of now is $9.98.

AltC Acquisition Corp. Earnings – What Happened With ALCC

Coming around sales and income figures on ALCC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

ALCC – AltC Acquisition Corp. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 63.95 million. ALCC does have institutional investors; and they hold 95.60% of the stock.

AltC Acquisition Corp. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, ALCC declared 0 shares have been sold in 0 insider transactions over the past three months.

Technical Analysis of AltC Acquisition Corp. (NYSE:ALCC) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for AltC Acquisition Corp. (ALCC), we notice that the stock’s 20-day average volume is at 276,975 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 322,886 shares. And to end, ALCC’s 100-day average volume is 290,439 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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