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DiamondHead (NASDAQ:DHHC) Trading Up 5.4% - Here's What Happened

DiamondHead logo with Construction background

Key Points

  • DiamondHead Holdings Corp. (NASDAQ:DHHC) saw its share price rise by 5.4% during trading, closing at $4.13 after hitting a high of $4.47.
  • Approximately 241,120 shares were traded, marking a 31% decline from the average daily volume of 350,931 shares.
  • The company aims to perform a merger or business combination as it currently does not have significant operations following its incorporation in 2020.
  • MarketBeat previews top five stocks to own in November.

DiamondHead Holdings Corp. (NASDAQ:DHHC - Get Free Report)'s share price was up 5.4% during trading on Wednesday . The stock traded as high as $4.47 and last traded at $4.13. Approximately 241,120 shares changed hands during trading, a decline of 31% from the average daily volume of 350,931 shares. The stock had previously closed at $3.92.

DiamondHead Stock Performance

The firm has a 50 day moving average price of $4.13 and a 200 day moving average price of $3.24.

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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