StockNews.com initiated coverage on shares of Luna Innovations (NASDAQ:LUNA – Free Report) in a report published on Monday morning. The firm issued a sell rating on the scientific and technical instruments company’s stock.
Luna Innovations Trading Down 4.2 %
NASDAQ LUNA opened at $0.68 on Monday. Luna Innovations has a 52-week low of $0.65 and a 52-week high of $3.89. The firm’s 50 day moving average price is $0.84 and its 200-day moving average price is $1.45.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in Luna Innovations by 40.3% in the fourth quarter. Squarepoint Ops LLC now owns 104,453 shares of the scientific and technical instruments company’s stock worth $226,000 after purchasing an additional 29,981 shares in the last quarter. Needham Investment Management LLC grew its position in shares of Luna Innovations by 17.5% in the 4th quarter. Needham Investment Management LLC now owns 1,175,000 shares of the scientific and technical instruments company’s stock worth $2,538,000 after buying an additional 175,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Luna Innovations during the 4th quarter worth approximately $57,000. Renaissance Technologies LLC raised its stake in shares of Luna Innovations by 71.7% during the 4th quarter. Renaissance Technologies LLC now owns 297,600 shares of the scientific and technical instruments company’s stock worth $643,000 after acquiring an additional 124,300 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Luna Innovations during the fourth quarter valued at approximately $39,000. 87.46% of the stock is owned by institutional investors.
About Luna Innovations
Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.
See Also
- Five stocks we like better than Luna Innovations
- Short Selling – The Pros and Cons
- Energy Transfer: Powering Data With Dividends and Diversification
- Growth Stocks: What They Are, What They Are Not
- Qualcomm Stock Is Coiling for a Breakout
- Using the MarketBeat Stock Split Calculator
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
Receive News & Ratings for Luna Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luna Innovations and related companies with MarketBeat.com's FREE daily email newsletter.
