In a filing, Hyzon Motors Inc revealed its 10% Owner HORIZON FUEL CELL TECHNOLOGIES unloaded Company’s shares for reported $1.6 million on Feb 06 ’24. In the deal valued at $0.40 per share,4,000,000 shares were sold. As a result of this transaction, HORIZON FUEL CELL TECHNOLOGIES now holds 92,647,986 shares worth roughly $52.81 million.
Then, HORIZON FUEL CELL TECHNOLOGIES sold 1,750,000 shares, generating $1,050,000 in total proceeds. Upon selling the shares at $0.60, the 10% Owner now owns 96,627,548 shares.
Before that, HORIZON FUEL CELL TECHNOLOGIES sold 610,000 shares. Hyzon Motors Inc shares valued at $359,900 were divested by the 10% Owner at a price of $0.59 per share. As a result of the transaction, HORIZON FUEL CELL TECHNOLOGIES now holds 98,377,548 shares, worth roughly $56.08 million.
Wedbush downgraded its Hyzon Motors Inc [HYZN] rating to a Neutral from a an Outperform in a research note published on August 05, 2022; the price target was decreased to $3 from $7. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Underweight”. DA Davidson also remained covering HYZN and has decreased its forecast on August 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on April 06, 2022. It rated HYZN as “a Hold” which previously was an “a Buy”.
Price Performance Review of HYZN
On Monday, Hyzon Motors Inc [NASDAQ:HYZN] saw its stock fall -4.60% to $0.57. Over the last five days, the stock has lost -7.37%. Hyzon Motors Inc shares have fallen nearly -35.83% since the year began. Nevertheless, the stocks have fallen -33.38% over the past one year. While a 52-week high of $2.17 was reached on 04/01/24, a 52-week low of $0.45 was recorded on 01/17/24. SMA at 50 days reached $0.6799, while 200 days put it at $0.9917. A total of 0.51 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For HYZN Stock
The 24-hour chart illustrates a support level at 0.5649, which if violated will result in even more drops to 0.5554. On the upside, there is a resistance level at 0.5857. A further resistance level may holdings at 0.5970. The Relative Strength Index (RSI) on the 14-day chart is 34.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0849, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.53%. Stochastics %K at 4.40% indicates the stock is a buying.
The most recent change occurred on February 15, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $7 price target.
