Steakholder Foods (NASDAQ:STKH) Trading Up 3.9%

Shares of Steakholder Foods Ltd. (NASDAQ:STKH) were up 3.9% during trading on Wednesday . The stock traded as high as $4.64 and last traded at $4.52. Approximately 7,390 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 11,965 shares. The stock had previously closed at $4.35.

Steakholder Foods Price Performance

The company’s 50-day simple moving average is $5.50 and its 200 day simple moving average is $5.87.

Institutional Trading of Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Steakholder Foods Ltd. (NASDAQ:STKH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 140,580 shares of the company’s stock, valued at approximately $122,000. Harel Insurance Investments & Financial Services Ltd. owned 1.14% of Steakholder Foods at the end of the most recent quarter. Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

Steakholder Foods Ltd., a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter in Israel. The company develops a three-dimensional bioprinter to deposit layers of stem cells and differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat.