Shares of Innoviz Technologies Ltd. (NASDAQ:INVZW – Get Rating) dropped 6.3% on Tuesday . The stock traded as low as $1.19 and last traded at $1.19. Approximately 1,769 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 18,372 shares. The stock had previously closed at $1.27.
Innoviz Technologies Stock Down 6.3 %
The company has a 50 day moving average price of $1.38 and a two-hundred day moving average price of $1.82.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Innoviz Technologies stock. Antara Capital LP boosted its position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZW – Get Rating) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,029,169 shares of the company's stock after acquiring an additional 717,100 shares during the quarter. Innoviz Technologies accounts for 0.3% of Antara Capital LP's portfolio, making the stock its 23rd biggest holding. Antara Capital LP's holdings in Innoviz Technologies were worth $10,192,000 at the end of the most recent reporting period.
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