ALCC Stock Summary and Trading Ideas (Altc Acquisition Corp. Class A | NYSE:ALCC)

AltC Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Altc Acquisition Corp. Class A trades on the NYSE stock market under the symbol ALCC.

As of May 14, 2024, ALCC stock price was flat at $18.23 with million shares trading.

ALCC has a beta of 0.16, meaning it tends to be less sensitive to market movements. ALCC has a correlation of 0.00 to the broad based SPY ETF.

ALCC has a market cap of $785.72 million. This is considered a Small Cap stock.

ALCC has outperformed the market in the last year with a price return of +74.7% while the SPY ETF gained +28.8%. ALCC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +71.5% and +26.4%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ALCC support price is $17.53 and resistance is $18.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALCC stock will trade within this expected range on the day.