The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hyzon Motors Inc shares valued at $1,600,000 were sold by HORIZON FUEL CELL TECHNOLOGIES on Feb 06 ’24. At $0.40 per share, HORIZON FUEL CELL TECHNOLOGIES sold 4,000,000 shares. The insider’s holdings dropped to 92,647,986 shares worth approximately $66.71 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, HORIZON FUEL CELL TECHNOLOGIES sold 1,750,000 shares, netting a total of over 1,050,000 in proceeds. Following the sale of shares at $0.60 each, the insider now holds 96,627,548 shares.
Before that, HORIZON FUEL CELL TECHNOLOGIES had sold 610,000 shares from its account. In a trade valued at $359,900, the 10% Owner traded Hyzon Motors Inc shares for $0.59 each. Upon closing the transaction, the insider’s holdings decreased to 610,000 shares, worth approximately $70.83 million.
As published in a research note from Wedbush on August 05, 2022, Hyzon Motors Inc [HYZN] has been rated down from an Outperform to a Neutral and the price target has been revised to $3 from $7. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in early August. As of August 05, 2022, DA Davidson has decreased its “Buy” rating to a “Neutral” for HYZN. Earlier on April 06, 2022, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for HYZN stock which previously was a “a Buy”.
Analyzing HYZN Stock Performance
During the last five days, there has been a surge of approximately 5.90%. Over the course of the year, Hyzon Motors Inc shares have dropped approximately -19.54%. Shares of the company reached a 52-week high of $0.9000 on 01/02/24 and a 52-week low of $0.5502 on 01/17/24. A 50-day SMA is recorded $0.6745, while a 200-day SMA reached $1.0027. Nevertheless, trading volume fell to 0.51 million shares from 2.35 million shares the previous day.
Support And Resistance Levels for Hyzon Motors Inc (HYZN)
According to the 24-hour chart, there is a support level at 0.7067, which, if violated, would cause prices to drop to 0.6934. In the upper region, resistance lies at 0.7367. The next price resistance is at 0.7534. RSI (Relative Strength Index) is 54.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0421, which suggests the price will decrease in the coming days. Percent R is at 55.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Hyzon Motors Inc subject to short interest?
Stocks of Hyzon Motors Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.2 million shares to 10.05 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 9.85 million shares. A jump of 1.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 33.75 of the overall float, the days-to-cover ratio (short ratio) jumped to 33.75.
