Innventure (NASDAQ:INV) Shares Gap Up – Here’s Why

Innventure, Inc. (NASDAQ:INV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.05, but opened at $12.50. Innventure shares last traded at $12.02, with a volume of 11,606 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Roth Capital raised shares of Innventure to a “strong-buy” rating in a research report on Thursday, January 23rd. Roth Mkm began coverage on Innventure in a research report on Thursday, January 23rd. They set a “buy” rating and a $16.00 target price on the stock.

Innventure Trading Down 1.0 %

The stock has a 50 day simple moving average of $12.49.

Institutional Trading of Innventure

An institutional investor recently bought a new position in Innventure stock. Charles Schwab Investment Management Inc. purchased a new stake in Innventure, Inc. (NASDAQ:INV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 155,995 shares of the company’s stock, valued at approximately $2,161,000. Charles Schwab Investment Management Inc. owned approximately 0.31% of Innventure at the end of the most recent reporting period. Hedge funds and other institutional investors own 55.98% of the company’s stock.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.