ParaZero Technologies (NASDAQ:PRZO) Trading Up 15.1% – Here’s Why

ParaZero Technologies Ltd. (NASDAQ:PRZO)’s stock price shot up 15.1% during mid-day trading on Monday . The stock traded as high as $2.51 and last traded at $2.13. 62,861,220 shares changed hands during mid-day trading, an increase of 1,008% from the average session volume of 5,674,330 shares. The stock had previously closed at $1.85.

ParaZero Technologies Price Performance

The stock has a 50 day moving average of $1.51 and a 200 day moving average of $0.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ParaZero Technologies stock. Virtu Financial LLC purchased a new position in ParaZero Technologies Ltd. (NASDAQ:PRZO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 42,878 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.71% of ParaZero Technologies at the end of the most recent reporting period. 1.44% of the stock is currently owned by institutional investors.

ParaZero Technologies Company Profile

ParaZero Technologies Ltd., an aerospace company, designs, develops, manufactures, distributes, and sells autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency.