Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hyliion Holdings Corporation shares valued at $253,500 were sold by Cubbage Vincent T. on Nov 22 ’24. At $3.90 per share, Cubbage Vincent T. sold 65,000 shares. The insider’s holdings dropped to 972,078 shares worth approximately $2.93 million following the completion of this transaction.
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Also, Craig Jeffrey A purchased 50,000 shares, netting a total of over 147,500 in proceeds. Following the buying of shares at $2.95 each, the insider now holds 282,060 shares.
Before that, RAMASAMY GOVINDARAJ had added 30,000 shares to its account. In a trade valued at $57,600, the Chief Commercial Officer bought Hyliion Holdings Corporation shares for $1.92 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $0.9 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 -7.38%. Over the course of the year, Hyliion Holdings Corporation shares have jumped approximately 269.92%. Shares of the company reached a 52-week high of $4.09 on 11/25/24 and a 52-week low of $0.80 on 01/05/24. A 50-day SMA is recorded $2.81, while a 200-day SMA reached $2.01. Nevertheless, trading volume fell to 1.42 million shares from 1.78 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 2.90, which, if violated, would cause prices to drop to 2.78. In the upper region, resistance lies at 3.13. The next price resistance is at 3.24. RSI (Relative Strength Index) is 46.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 90.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
