Lilium (NASDAQ:LILM - Get Free Report) shares were up 7% on Thursday . The stock traded as high as $0.97 and last traded at $0.96. Approximately 907,066 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 2,295,213 shares. The stock had previously closed at $0.90.
Lilium Stock Up 3.1 %
The company's fifty day moving average price is $0.93 and its two-hundred day moving average price is $0.92.
Institutional Investors Weigh In On Lilium
A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. boosted its stake in shares of Lilium by 126.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company's stock valued at $98,000 after purchasing an additional 13,820 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Lilium by 96.4% in the 1st quarter. Allianz Asset Management GmbH now owns 3,120,711 shares of the company's stock valued at $12,420,000 after acquiring an additional 1,531,711 shares during the period. UBS Group AG raised its position in shares of Lilium by 250.5% in the 1st quarter. UBS Group AG now owns 19,556 shares of the company's stock valued at $78,000 after acquiring an additional 13,977 shares during the period. Invesco Ltd. raised its position in shares of Lilium by 1,114.0% in the 1st quarter. Invesco Ltd. now owns 5,231,916 shares of the company's stock valued at $20,823,000 after acquiring an additional 4,800,934 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Lilium in the 1st quarter valued at approximately $106,000. Institutional investors own 8.30% of the company's stock.
About Lilium
(
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Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training, maintenance operations, material and battery management, global distribution, flight operations support, ground service equipment, and digital solutions.
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