Satellogic Inc. (NASDAQ:SATL – Get Free Report) shares rose 2% during mid-day trading on Monday . The stock traded as high as $1.02 and last traded at $1.01. Approximately 75,444 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 54,676 shares. The stock had previously closed at $0.99.
Satellogic Trading Up 32.0 %
The stock’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $1.08.
Institutional Trading of Satellogic
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC bought a new stake in shares of Satellogic in the 3rd quarter valued at $27,000. MSA Advisors LLC bought a new stake in Satellogic during the second quarter worth $27,000. Finally, Ground Swell Capital LLC bought a new position in shares of Satellogic during the second quarter valued at about $26,000. Institutional investors and hedge funds own 17.58% of the company’s stock.
About Satellogic
Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.
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