Lilium (NASDAQ:LILM) Shares Gap Up to $1.04

Lilium (NASDAQ:LILM) shares gapped up prior to trading on Monday . The stock had previously closed at $1.04, but opened at $1.20. Lilium shares last traded at $1.18, with a volume of 3,830,783 shares changing hands.

Lilium Stock Performance

The firm has a 50 day simple moving average of $0.94 and a 200-day simple moving average of $0.95.

Hedge Funds Weigh In On Lilium

Several institutional investors have recently bought and sold shares of the company. B. Riley Financial Inc. grew its position in shares of Lilium by 297.2% during the third quarter. B. Riley Financial Inc. now owns 4,349,053 shares of the company’s stock worth $3,097,000 after buying an additional 3,254,249 shares in the last quarter. AWM Investment Company Inc. acquired a new position in Lilium during the 3rd quarter worth approximately $1,609,000. Longitude Cayman Ltd. increased its position in shares of Lilium by 40.8% in the 3rd quarter. Longitude Cayman Ltd. now owns 1,070,000 shares of the company’s stock valued at $763,000 after purchasing an additional 310,000 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Lilium in the 3rd quarter valued at $182,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Lilium during the 4th quarter worth $289,000. 8.30% of the stock is owned by institutional investors and hedge funds.

Lilium Company Profile

Lilium N.V. 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 services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.