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

Lilium (NASDAQ:LILM) gapped up before the market opened 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.

Lilium Trading Down 3.5 %

The firm’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $0.95.

Hedge Funds Weigh In On Lilium

Several large investors have recently made changes to their positions in the business. B. Riley Financial Inc. boosted 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 acquiring an additional 3,254,249 shares during the last quarter. AWM Investment Company Inc. bought a new stake in shares of Lilium in the third quarter worth about $1,609,000. Longitude Cayman Ltd. boosted its stake in Lilium by 4.7% during the fourth quarter. Longitude Cayman Ltd. now owns 1,120,000 shares of the company’s stock valued at $1,322,000 after buying an additional 50,000 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Lilium in the 3rd quarter worth approximately $182,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Lilium during the 4th quarter worth approximately $289,000. 8.30% of the stock is currently owned by hedge funds and other institutional investors.

About Lilium

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.