Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) Director Vincent T. Cubbage sold 65,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.90, for a total value of $253,500.00. Following the transaction, the director now directly owns 972,078 shares in the company, valued at $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Hyliion Trading Up 3.5 %
Shares of NYSE:HYLN opened at $3.84 on Monday. The stock has a 50 day moving average of $2.53 and a 200 day moving average of $2.04. Hyliion Holdings Corp. has a 12-month low of $0.55 and a 12-month high of $4.04.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on HYLN shares. Northland Capmk raised Hyliion to a “hold” rating in a report on Tuesday, October 1st. Northland Securities raised their target price on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th.
Hedge Funds Weigh In On Hyliion
A number of hedge funds have recently modified their holdings of the company. Creative Planning bought a new stake in shares of Hyliion during the 3rd quarter valued at $29,000. XTX Topco Ltd purchased a new stake in Hyliion in the 3rd quarter worth $60,000. AQR Capital Management LLC bought a new stake in Hyliion during the second quarter valued at about $40,000. Intech Investment Management LLC purchased a new position in shares of Hyliion in the third quarter valued at about $77,000. Finally, Verition Fund Management LLC lifted its position in shares of Hyliion by 52.9% in the third quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock valued at $84,000 after acquiring an additional 11,653 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.
About Hyliion
Read More
- Five stocks we like better than Hyliion
- Upcoming IPO Stock Lockup Period, Explained
- Disney’s Magic Strategy: Reinventing the House of Mouse
- Differences Between Momentum Investing and Long Term Investing
- Volatility in Semis? 3 Stable Alternatives to NVIDIA and SMCI
- Best Aerospace Stocks Investing
- Vertiv’s Cool Tech Makes Its Stock Red-Hot
Receive News & Ratings for Hyliion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyliion and related companies with MarketBeat.com's FREE daily email newsletter.
