Logistics Innovation Technologies (NASDAQ:LITTU) Trading Up 0.4%

view original post

Logistics Innovation Technologies Corp. (NASDAQ:LITTUGet Rating)’s stock price shot up 0.4% during mid-day trading on Friday . The company traded as high as $9.79 and last traded at $9.79. 10,401 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 193,461 shares. The stock had previously closed at $9.75.

The firm has a 50-day moving average of $9.85 and a 200 day moving average of $9.89.

Several large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Logistics Innovation Technologies during the fourth quarter valued at about $195,000. JPMorgan Chase & Co. bought a new stake in Logistics Innovation Technologies in the 1st quarter valued at about $492,000. TIG Advisors LLC increased its position in Logistics Innovation Technologies by 2.1% in the 1st quarter. TIG Advisors LLC now owns 1,197,823 shares of the company’s stock valued at $11,799,000 after buying an additional 24,922 shares in the last quarter. Finally, Sculptor Capital LP boosted its holdings in Logistics Innovation Technologies by 16,666,650.0% in the first quarter. Sculptor Capital LP now owns 1,000,005 shares of the company’s stock worth $9,850,000 after acquiring an additional 999,999 shares in the last quarter.

About Logistics Innovation Technologies (NASDAQ:LITTU)

Logistics Innovation Technologies Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses serving the senior market or capable of being repositioned to do so.

Featured Stories

Receive News & Ratings for Logistics Innovation Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Logistics Innovation Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.