Shares of Innventure, Inc. (NASDAQ:INV - Get Free Report) rose 13.6% during mid-day trading on Monday . The company traded as high as $3.64 and last traded at $3.60. Approximately 108,551 shares were traded during trading, an increase of 98% from the average daily volume of 54,889 shares. The stock had previously closed at $3.17.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Northland Securities started coverage on shares of Innventure in a report on Wednesday, March 12th. They issued an "outperform" rating and a $12.00 price target for the company. Roth Mkm began coverage on shares of Innventure in a research note on Thursday, January 23rd. They issued a "buy" rating and a $16.00 target price for the company. Roth Capital upgraded Innventure to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Northland Capmk raised Innventure to a "strong-buy" rating in a report on Wednesday, March 12th.
Check Out Our Latest Research Report on INV
Innventure Trading Down 4.3 %
The company has a fifty day moving average price of $6.50.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INV. Tower Research Capital LLC TRC bought a new stake in shares of Innventure in the 4th quarter worth about $52,000. Bank of America Corp DE acquired a new position in Innventure in the fourth quarter valued at about $126,000. CastleKnight Management LP acquired a new stake in shares of Innventure during the fourth quarter worth approximately $387,000. Barclays PLC acquired a new stake in shares of Innventure during the fourth quarter worth approximately $389,000. Finally, Millennium Management LLC acquired a new position in shares of Innventure in the 4th quarter worth approximately $429,000. Institutional investors own 55.98% of the company's stock.
Innventure Company Profile
(
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Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.
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