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DiamondHead (NASDAQ:DHHC) Stock Price Up 1.9% - Time to Buy?

DiamondHead logo with Construction background

Key Points

  • DiamondHead Holdings Corp. (NASDAQ:DHHC) saw a share price increase of 1.9%, closing at $4.23 after trading between $4.15 and $4.27.
  • The trading volume was significantly lower, with only 32,077 shares changing hands, a 91% decline from the average session volume of 350,931 shares.
  • DiamondHead is a special purpose acquisition company (SPAC) that was incorporated in 2020 and plans to engage in a business combination as it currently does not have significant operations.
  • MarketBeat previews top five stocks to own in October.

DiamondHead Holdings Corp. (NASDAQ:DHHC - Get Free Report)'s share price traded up 1.9% during trading on Tuesday . The company traded as high as $4.27 and last traded at $4.23. 32,077 shares traded hands during trading, a decline of 91% from the average session volume of 350,931 shares. The stock had previously closed at $4.15.

DiamondHead Stock Performance

The stock's 50 day moving average price is $3.82 and its 200 day moving average price is $3.18.

About DiamondHead

(Get Free Report)

DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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