Chief Technology Officer Sexton Patrick sale 68,579 shares of Hyliion Holdings Corp. [HYLN]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hyliion Holdings Corp. shares valued at $227,065 were sold by Sexton Patrick on Apr 26. At $3.31 per share, Sexton Patrick sold 68,579 shares. The insider’s holdings dropped to 364,499 shares worth approximately $1.12 million following the completion of this transaction.


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Also, Healy Thomas J. sold 400,000 shares, netting a total of over 1,787,600 in proceeds. Following the sale of shares at $4.47 each, the insider now holds 32,972,856 shares.

Before that, KNIGHT ROBERT M JR had added 10,000 shares to its account. In a trade valued at $61,481, the Director bought Hyliion Holdings Corp. shares for $6.15 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $61400.0.

As published in a research note from Cantor Fitzgerald on August 11, 2022, Hyliion Holdings Corp. [HYLN] has been rated down from an Overweight to a Neutral and the price target has been revised to $5. This represents a 38.6% premium over Wednesday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late June. As of March 02, 2022, UBS has increased its “Sell” rating to a “Neutral” for HYLN.

Analyzing HYLN’s Price Performance

On Wednesday, Hyliion Holdings Corp. [NYSE: HYLN] plunged -1.92% to $3.07. The stock’s lowest price that day was $3.065, but it reached a high of $3.30 in the same session. During the last five days, there has been a surge of approximately 0.66%. Over the course of the year, Hyliion Holdings Corp. shares have dropped approximately -50.48%. Shares of the company reached a 52-week high of $6.54 on 01/03/22 and a 52-week low of $2.69 on 05/12/22. A 50-day SMA is recorded $3.77, while a 200-day SMA reached $4.11. Nevertheless, trading volume fell to 3.15 million shares from 1.33 million shares the previous day.

Support And Resistance Levels for Hyliion Holdings Corp. (HYLN)

According to the 24-hour chart, there is a support level at 2.99, which, if violated, would cause prices to drop to 2.91. In the upper region, resistance lies at 3.22. The next price resistance is at 3.38. RSI (Relative Strength Index) is 34.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 81.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Hyliion Holdings Corp. subject to short interest?

Stocks of Hyliion Holdings Corp. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.76 million shares to 13.77 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.01 million shares. A jump of 5.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.35.

Which companies own the most shares of Hyliion Holdings Corp. (HYLN)?

According to The Vanguard Group, Inc. filings, the company currently owns 10,845,246 shares, which is about 6.23% of the total HYLN shares outstanding. The investor’s shares have appreciated by 1,146,133 from its previous 13-F filing of 9699113.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $28,806,675. SSgA Funds Management, Inc. acquire a 4.00% interest valued at $10.28 million while Handelsbanken Fonder AB 0 stake. In its current portfolio, Renaissance Technologies LLC holds 1,605,800 shares valued at $5.64 million.

In terms of Hyliion Holdings Corp. share price expectations, FactSet research, analysts set an average price target of $4.00 in the next 12 months, up nearly 27.8% from the previous closing price of $3.13. Analysts anticipate Hyliion Holdings Corp. stock to reach $5.00 by 2022, with the lowest price target being $3.00. In spite of this, 4 analysts ranked Hyliion Holdings Corp. stock as an Underweight at the end of 2022. On November 11, 2021, Barclays assigned a price target of “an Equal weight” to the stock and downgraded coverage with a $7.

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