Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) CFO Jon Panzer purchased 40,000 shares of Hyliion stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $1.14 per share, with a total value of $45,600.00. Following the acquisition, the chief financial officer now owns 925,669 shares of the company's stock, valued at approximately $1,055,262.66. This trade represents a 4.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hyliion Price Performance
Shares of NYSE HYLN traded down $0.07 during midday trading on Friday, reaching $1.54. 2,228,914 shares of the company traded hands, compared to its average volume of 1,240,636. Hyliion Holdings Corp. has a 52 week low of $1.11 and a 52 week high of $4.10. The stock has a 50-day moving average price of $1.44 and a 200 day moving average price of $2.07. The company has a market cap of $269.22 million, a price-to-earnings ratio of -4.16 and a beta of 2.76.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Hyliion from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
View Our Latest Research Report on HYLN
Institutional Investors Weigh In On Hyliion
Several hedge funds and other institutional investors have recently bought and sold shares of HYLN. Cubist Systematic Strategies LLC bought a new stake in Hyliion in the first quarter worth about $26,000. Xponance Inc. acquired a new stake in Hyliion during the 4th quarter worth about $29,000. Cibc World Markets Corp acquired a new stake in Hyliion during the 4th quarter worth about $34,000. Aquatic Capital Management LLC acquired a new stake in Hyliion during the 4th quarter worth about $42,000. Finally, Raymond James Financial Inc. acquired a new stake in Hyliion during the 4th quarter worth about $43,000. 22.81% of the stock is currently owned by institutional investors.
Hyliion Company Profile
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