Shares of Satellogic Inc. (NASDAQ:SATL – Get Free Report) dropped 0.7% during trading on Tuesday . The stock traded as low as $2.75 and last traded at $2.78. Approximately 374,972 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 495,592 shares. The stock had previously closed at $2.80.
Satellogic Stock Performance
The business’s 50-day moving average is $3.05 and its 200 day moving average is $1.74.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Satellogic stock. Joel Isaacson & Co. LLC purchased a new position in shares of Satellogic Inc. (NASDAQ:SATL – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,328 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 17.58% of the company’s stock.
Satellogic Company Profile
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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