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DiamondHead (NASDAQ:DHHC) Trading Up 5.1% - Time to Buy?

DiamondHead logo with Construction background

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.
  • Looking to export and analyze DiamondHead data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

DiamondHead Holdings Corp. (NASDAQ:DHHC - Get Free Report)'s stock price shot up 5.1% on Friday . The stock traded as high as $4.19 and last traded at $4.15. 113,625 shares were traded 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 6.4%

The business's 50 day moving average is $3.20 and its 200 day moving average is $3.21.

DiamondHead Company Profile

(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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