Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hyliion Holdings Corporation shares valued at $57,600 were purchased by RAMASAMY GOVINDARAJ on Sep 11 ’24. At $1.92 per share, RAMASAMY GOVINDARAJ acquired 30,000 shares. The insider’s holdings grew to 298,000 shares worth approximately $0.71 million following the completion of this transaction.
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Also, RAMASAMY GOVINDARAJ purchased 10,000 shares, netting a total of over 15,000 in proceeds. Following the buying of shares at $1.50 each, the insider now holds 227,500 shares.
Before that, KNIGHT ROBERT M JR had added 100,000 shares to its account. In a trade valued at $57,000, the Director bought Hyliion Holdings Corporation shares for $0.57 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $0.42 million.
As published in a research note from Northland Capital on October 12, 2023, Hyliion Holdings Corporation [HYLN] has been rated down from an Outperform to a Market perform and the price target has been revised to $1.50 from $2.80. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of August 11, 2022, Cantor Fitzgerald has decreased its “an Overweight” rating to a “Neutral” for HYLN. Earlier on June 21, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for HYLN stock which previously was a “a Neutral”.
Analyzing HYLN Stock Performance
During the last five days, there has been a drop of approximately -2.45%. Over the course of the year, Hyliion Holdings Corporation shares have jumped approximately 193.72%. Shares of the company reached a 52-week high of $2.73 on 09/27/24 and a 52-week low of $0.80 on 01/05/24. A 50-day SMA is recorded $2.22, while a 200-day SMA reached $1.74. Nevertheless, trading volume fell to 0.78 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Hyliion Holdings Corporation (HYLN)
According to the 24-hour chart, there is a support level at 2.33, which, if violated, would cause prices to drop to 2.26. In the upper region, resistance lies at 2.45. The next price resistance is at 2.51. RSI (Relative Strength Index) is 49.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 80.56%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
