Satellogic (NASDAQ:SATL) Stock Price Down 16% – Should You Sell?

Satellogic Inc. (NASDAQ:SATL) dropped 16% during trading on Tuesday . The stock traded as low as $3.62 and last traded at $3.98. Approximately 2,642,789 shares were traded during mid-day trading, an increase of 1,508% from the average daily volume of 164,321 shares. The stock had previously closed at $4.74.

Satellogic Stock Down 16.0 %

The business has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.17.

Institutional Trading of Satellogic

Large investors have recently bought and sold shares of the business. Ground Swell Capital LLC acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $26,000. MSA Advisors LLC acquired a new stake in shares of Satellogic in the second quarter valued at approximately $27,000. Finally, Joel Isaacson & Co. LLC purchased a new position in Satellogic during the third quarter worth approximately $27,000. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

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.