What's Going On With Electric Vertical Take-Off And Landing Jet Company Lilium Wednesday?
Portfolio Pulse from Anusuya Lahiri
Lilium NV (NASDAQ:LILM) stock is trading higher as Volare Aviation subsidiary eVolare agreed to acquire 4 Lilium Jets and reserve up to 12 production slots. Lilium also expanded its partnership with Luxaviation Group to create electrified ground infrastructure in Europe and the Middle East. Lilium stock has lost 13% in the last 12 months. Investors can gain exposure via SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW) and SPDR S&P International SmallCap ETF (NYSE:GWX).
May 29, 2024 | 12:57 pm
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POSITIVE IMPACT
SPDR S&P International SmallCap ETF (NYSE:GWX) includes Lilium NV, which is trading higher due to new deals and partnerships.
GWX holds Lilium NV, which is experiencing positive stock movement due to recent deals and partnerships. This could have a modest positive impact on GWX's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Lilium NV's stock is trading higher due to a deal with eVolare to acquire 4 Lilium Jets and reserve up to 12 production slots. Additionally, Lilium expanded its partnership with Luxaviation Group to develop electrified ground infrastructure in Europe and the Middle East.
The acquisition deal and production slot reservation by eVolare, along with the expanded partnership with Luxaviation Group, are positive developments for Lilium. These moves indicate increased demand and strategic growth, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW) provides exposure to Lilium NV, which is experiencing positive stock movement due to new deals and partnerships.
SPDW holds Lilium NV, which is seeing positive stock movement due to recent deals and partnerships. This could have a modest positive impact on SPDW's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50