Ability Inc (NASDAQ:ABIL) shares shot up 96.8% on Wednesday . The stock traded as high as $8.14 and last traded at $5.55. 33,415,898 shares were traded during mid-day trading, an increase of 5,596% from the average session volume of 586,683 shares. The stock had previously closed at $2.82.
An institutional investor recently bought a new position in Ability stock. Jane Street Group LLC bought a new position in shares of Ability Inc (NASDAQ:ABIL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,590 shares of the technology company’s stock, valued at approximately $239,000. Jane Street Group LLC owned 1.30% of Ability at the end of the most recent quarter. 3.86% of the stock is owned by hedge funds and other institutional investors.
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Ability Inc, through its subsidiaries, provides interception, geolocation, and cyber intelligence products and solutions for security and intelligence agencies, military forces, law enforcement agencies, and homeland security agencies worldwide. It specializes in off-air interception of voice, SMS, and data communication from cellular and satellite communication networks; and deciphering solutions for cellular and satellite communications.
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