DiamondHead (NASDAQ:DHHC) Trading 5.1% Higher - Should You Buy?

Key Points

• DiamondHead Holdings Corp. shares rose 5.1% during trading, closing at $4.15 after a previous close of $3.95.
• Trading volume was significantly lower, with 113,625 shares exchanged, a decrease of 68% compared to the average volume of 350,931 shares.
• The company, incorporated in 2020, is focused on pursuing a merger or related business combination, as it does not currently have significant operations.

Shares of DiamondHead Holdings Corp. (NASDAQ:DHHC - ) traded up 5.1% during trading on Friday . The company traded as high as $4.19 and last traded at $4.15. 113,625 shares traded hands during trading, a decline of 68% from the average session volume of 350,931 shares. The stock had previously closed at $3.95.

DiamondHead Trading Up 5.1%

The business has a fifty day moving average price of $3.11 and a 200 day moving average price of $3.21.

DiamondHead Company Profile

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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