Loop Industries (LOOP) Sets New 1-Year Low at $8.00
Loop Industries Inc (NASDAQ:LOOP) shares hit a new 52-week low during trading on Thursday . The company traded as low as $8.00 and last traded at $8.10, with a volume of 200 shares changing hands. The stock had previously closed at $8.48.
A number of hedge funds and other institutional investors have recently modified their holdings of LOOP. BlackRock Inc. acquired a new position in Loop Industries in the 1st quarter valued at $328,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Loop Industries by 74.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,364 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 14,211 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Loop Industries during the 2nd quarter worth $390,000. Millennium Management LLC grew its holdings in shares of Loop Industries by 1,670.0% during the 1st quarter. Millennium Management LLC now owns 220,987 shares of the financial services provider’s stock worth $3,204,000 after purchasing an additional 208,502 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Loop Industries during the 2nd quarter worth $4,414,000. 2.71% of the stock is currently owned by hedge funds and other institutional investors.
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Loop Industries, Inc focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications.
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