Traders Buy Large Volume of Lilium Put Options (NASDAQ:LILM)
Lilium GmbH (NASDAQ: LILM – Get a rating) saw unusually heavy options trading activity on Friday. Equity investors bought 7,069 put options on the stock. This is an increase of approximately 841% over the average volume of 751 puts.
Shares of NASDAQ LILM traded down $0.27 during Friday’s trading, hitting $3.69. 947,594 shares of the company were traded, against an average volume of 977,411. The company has a fifty-day moving average of $4.97. Lilium has a fifty-two week low of $2.96 and a fifty-two week high of $11.66.
LILM has been the subject of a number of research analyst reports. BNP Paribas launched a hedge on Lilium shares in a research report on Wednesday, November 17. They set a “neutral” rating and a price target of $10.30 on the stock. Zacks Investment Research upgraded Lilium’s shares from a “buy” rating to a “hold” rating in a Thursday, Jan. 20, research report. Barclays cut its price target on Lilium shares from $11.00 to $7.00 in a research report on Tuesday, January 18. Finally, Exane BNP Paribas launched a hedge on Lilium shares in a research report on Wednesday 17 November. They set a “neutral” rating and a price target of $10.30 on the stock. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.89.
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Several hedge funds and other institutional investors have recently changed their positions in LILM. Gibson Capital LLC acquired a new position in shares of Lilium during the third quarter valued at approximately $416,000. NewGen Asset Management Ltd acquired a new equity stake in Lilium in Q3 worth approximately $10,510,000. Advisor Group Holdings Inc. acquired a new stake in shares of Lilium in Q3 worth approximately $106,000. Allianz Asset Management GmbH acquired a new equity stake in Lilium in Q3 worth approximately $15,799,000. Finally, Geode Capital Management LLC acquired a new equity stake in Lilium in Q3 worth approximately $2,111,000. Hedge funds and other institutional investors hold 42.24% of the company’s shares.
About Lilium (Get a rating)
Qell Acquisition Corp. is a blank check company. It was formed for the purpose of a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a or more companies. Qell Acquisition Corp. is based in San Francisco, California.
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