Logistics Innovation Technologies Corp. (NASDAQ:LITTU – Get Rating) shares traded up 0.4% during trading on Friday . The company traded as high as $9.90 and last traded at $9.89. 684 shares were traded during mid-day trading, a decline of 99% from the average session volume of 111,807 shares. The stock had previously closed at $9.85.

Logistics Innovation Technologies Price Performance

The company has a 50 day moving average price of $9.81 and a 200 day moving average price of $9.81.

Hedge Funds Weigh In On Logistics Innovation Technologies

Several hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC grew its position in shares of Logistics Innovation Technologies by 232.1% during the 2nd quarter. Wolverine Asset Management LLC now owns 3,108 shares of the company's stock valued at $30,000 after purchasing an additional 2,172 shares in the last quarter. Clear Street LLC purchased a new stake in shares of Logistics Innovation Technologies in the third quarter valued at about $57,000. UBS Group AG purchased a new position in Logistics Innovation Technologies during the second quarter worth about $90,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Logistics Innovation Technologies during the third quarter worth about $98,000. Finally, Condor Capital Management acquired a new stake in shares of Logistics Innovation Technologies during the second quarter worth about $172,000.

Logistics Innovation Technologies Company Profile

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.

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