Logistics Innovation Technologies Corp. (NASDAQ:LITTU – Get Rating) shares traded down 0.1% on Tuesday . The company traded as low as $9.78 and last traded at $9.78. 250 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 170,227 shares. The stock had previously closed at $9.79.

Logistics Innovation Technologies Stock Performance

The firm has a 50 day moving average of $9.82 and a 200 day moving average of $9.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its holdings in shares of Logistics Innovation Technologies by 232.1% in 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. JPMorgan Chase & Co. acquired a new position in Logistics Innovation Technologies during the first quarter worth about $492,000. Sage Mountain Advisors LLC raised its position in Logistics Innovation Technologies by 1,048.4% during the second quarter. Sage Mountain Advisors LLC now owns 191,430 shares of the company's stock worth $1,867,000 after acquiring an additional 174,760 shares during the last quarter. Wealthspring Capital LLC raised its position in Logistics Innovation Technologies by 1,286.9% during the second quarter. Wealthspring Capital LLC now owns 950,043 shares of the company's stock worth $9,267,000 after acquiring an additional 881,543 shares during the last quarter. Finally, Sculptor Capital LP raised its position in Logistics Innovation Technologies by 16,666,650.0% during 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 during the last quarter.

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.

Further Reading

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