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Hyliion (NYSE:HYLN) Shares Up 4.8% - What's Next?

Hyliion logo with Auto/Tires/Trucks background

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report)'s stock price was up 4.8% during mid-day trading on Wednesday . The company traded as high as $1.54 and last traded at $1.52. Approximately 780,785 shares were traded during trading, a decline of 39% from the average daily volume of 1,270,454 shares. The stock had previously closed at $1.45.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Hyliion from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Read Our Latest Stock Analysis on HYLN

Hyliion Stock Performance

The business has a 50-day moving average price of $1.45 and a 200 day moving average price of $1.69. The stock has a market capitalization of $290.20 million, a P/E ratio of -4.49 and a beta of 2.59.

Insiders Place Their Bets

In related news, CFO Jon Panzer bought 40,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $45,600.00. Following the purchase, the chief financial officer owned 925,669 shares in the company, valued at approximately $1,055,262.66. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 65,000 shares of company stock valued at $73,850. 20.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyliion

A number of hedge funds have recently modified their holdings of HYLN. Millennium Management LLC boosted its holdings in Hyliion by 27.4% in the 1st quarter. Millennium Management LLC now owns 6,295,760 shares of the company's stock worth $8,814,000 after buying an additional 1,355,951 shares during the period. Invesco Ltd. boosted its holdings in Hyliion by 43.6% in the 1st quarter. Invesco Ltd. now owns 2,678,501 shares of the company's stock worth $3,750,000 after buying an additional 813,593 shares during the period. Renaissance Technologies LLC boosted its holdings in Hyliion by 49.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company's stock worth $3,368,000 after buying an additional 424,866 shares during the period. Northern Trust Corp boosted its holdings in Hyliion by 3.1% in the 4th quarter. Northern Trust Corp now owns 1,143,762 shares of the company's stock worth $2,985,000 after buying an additional 34,531 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hyliion by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company's stock worth $2,782,000 after buying an additional 8,326 shares during the period. Institutional investors own 22.81% of the company's stock.

Hyliion Company Profile

(Get Free Report)

Further Reading

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