Investing in Hyliion Holdings Corp. [HYLN]: What You Must Know


Hyliion Holdings Corp.’s recent filing unveils that its Director Card Andrew H JR acquired Company’s shares for reported $31800.0 on Nov 18. In the deal valued at $3.18 per share,10,000 shares were bought. As a result of this transaction, Card Andrew H JR now holds 56,435 shares worth roughly $ 0.13 million.

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Then, Oxholm Jose Miguel bought 1,000 shares, generating $2,990 in total proceeds. Upon buying the shares at $2.99, the VP, General Counsel & CCO now owns 213,104 shares.

Before that, GALLAGHER DENNIS M. bought 20,000 shares. Hyliion Holdings Corp. shares valued at $62,000 were divested by the Chief Operating Officer at a price of $3.10 per share. As a result of the transaction, GALLAGHER DENNIS M. now holds 281,119 shares, worth roughly $0.65 million.

Northland Capital initiated its Hyliion Holdings Corp. [HYLN] rating to an Outperform in a research note published on Friday, November 22, 2022; the price target was $4. PT values the company’s stock at a premium of 42.5 to its Friday closing price. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. JP Morgan also remained covering HYLN and has decreased its forecast on June 21, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. UBS revised its rating on March 02, 2022. It rated HYLN as “a Neutral” which previously was an “a Sell”.

Price Performance Review of HYLN

On Friday, Hyliion Holdings Corp. [NYSE:HYLN] saw its stock jump 0.88% to $2.30. On the same session, the stock had its day’s lowest price of $2.185, but rose to a high of $2.33. Over the last five days, the stock has lost -19.86%. Hyliion Holdings Corp. shares have fallen nearly -1.71% since the year began. Nevertheless, the stocks have fallen -45.37% over the past one year. While a 52-week high of $4.73 was reached on 02/03/23, a 52-week low of $2.06 was recorded on 01/06/23. SMA at 50 days reached $2.95, while 200 days put it at $3.18. A total of 2.17 million shares were traded, compared to the trading of 1.29 million shares in the previous session.

Levels Of Support And Resistance For HYLN Stock

The 24-hour chart illustrates a support level at 2.21, which if violated will result in even more drops to 2.13. On the upside, there is a resistance level at 2.36. A further resistance level may holdings at 2.42. The Relative Strength Index (RSI) on the 14-day chart is 30.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.78%. Stochastics %K at 6.50% indicates the stock is a buying.

How much short interest is there in Hyliion Holdings Corp.?

A steep rise in short interest was recorded in Hyliion Holdings Corp. stocks on Jan 30, 2023, dropping by -1.96 million shares to a total of 11.16 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 13.12 million shares. There was a decline of -17.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.9.

Hyliion Holdings Corp. [HYLN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,689,699 shares, or roughly 6.51% of the outstanding HYLN shares. In other words, the investor’s shares have risen by 730,861 from its previous 13-F filing of 10958838.0. Additionally, BlackRock Fund Advisors increased 2.52% of its stake after which the total value it holdings stand at $23,810,893, while SSgA Funds Management, Inc. added 0.03% of its stake to hold $8.48 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 111,744 shares of Hyliion Holdings Corp., while Renaissance Technologies LLC bought 30,747 shares. At present, Handelsbanken Fonder AB is holding 1,417,585 shares valued at $4.01 million. D. E. Shaw & Co. LP owned 1,355,904 shares of the company at the time of its most recent 13F filing, worth $3.84 million.


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