Satellogic Inc. (NASDAQ:SATL - Get Free Report)'s share price traded down 16% on Tuesday . The stock traded as low as $3.62 and last traded at $3.98. 2,642,789 shares traded hands during trading, an increase of 1,508% from the average session volume of 164,321 shares. The stock had previously closed at $4.74.
Satellogic Stock Performance
The stock has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.17.
Hedge Funds Weigh In On Satellogic
Several institutional investors and hedge funds have recently made changes to their positions in the business. Ground Swell Capital LLC bought a new stake in shares of Satellogic in the 2nd quarter valued at approximately $26,000. MSA Advisors LLC acquired a new stake in shares of Satellogic during the second quarter worth $27,000. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of Satellogic in the 3rd quarter worth approximately $27,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.
About Satellogic
(
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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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