In a filing, Hyliion Holdings Corporation revealed its Director Cubbage Vincent T. unloaded Company’s shares for reported $0.25 million on Nov 22 ’24. In the deal valued at $3.90 per share,65,000 shares were sold. As a result of this transaction, Cubbage Vincent T. now holds 972,078 shares worth roughly $2.68 million.
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Then, Craig Jeffrey A bought 50,000 shares, generating $147,500 in total proceeds. Upon buying the shares at $2.95, the Director now owns 282,060 shares.
Before that, RAMASAMY GOVINDARAJ bought 30,000 shares. Hyliion Holdings Corporation shares valued at $57,600 were divested by the Chief Commercial Officer at a price of $1.92 per share. As a result of the transaction, RAMASAMY GOVINDARAJ now holds 298,000 shares, worth roughly $0.82 million.
Northland Capital downgraded its Hyliion Holdings Corporation [HYLN] rating to a Market perform from a an Outperform in a research note published on October 12, 2023; the price target was decreased to $1.50 from $2.80. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. Cantor Fitzgerald also remained covering HYLN and has decreased its forecast on August 11, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on June 21, 2022. It rated HYLN as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of HYLN
On Tuesday, Hyliion Holdings Corporation [AMEX:HYLN] saw its stock fall -5.80% to $2.76. Over the last five days, the stock has lost -14.81%. Hyliion Holdings Corporation shares have risen nearly 239.19% since the year began. Nevertheless, the stocks have risen 321.70% over the past one year. While a 52-week high of $4.09 was reached on 11/25/24, a 52-week low of $0.62 was recorded on 01/05/24. SMA at 50 days reached $2.84, while 200 days put it at $2.03.
Levels Of Support And Resistance For HYLN Stock
The 24-hour chart illustrates a support level at 2.69, which if violated will result in even more drops to 2.62. On the upside, there is a resistance level at 2.87. A further resistance level may holdings at 2.98. The Relative Strength Index (RSI) on the 14-day chart is 39.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.27%. Stochastics %K at 5.73% indicates the stock is a buying.
How much short interest is there in Hyliion Holdings Corporation?
A steep rise in short interest was recorded in Hyliion Holdings Corporation stocks on 2024-10-15, growing by 0.15 million shares to a total of 11.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.52 million shares. There was a rise of 1.25%, which implies that there is a positive sentiment for the stock.
