Shares of Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 937,808 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 1,327,482 shares.The stock last traded at $4.7310 and had previously closed at $4.20.
Hyliion Trading Up 31.1%
The business has a 50-day simple moving average of $2.25 and a 200 day simple moving average of $2.07. The stock has a market cap of $979.04 million, a P/E ratio of -14.99 and a beta of 2.59.
Institutional Investors Weigh In On Hyliion
Several institutional investors and hedge funds have recently made changes to their positions in HYLN. CIBC Bancorp USA Inc. bought a new stake in shares of Hyliion during the 3rd quarter valued at about $26,000. Cubist Systematic Strategies LLC bought a new position in Hyliion in the first quarter worth approximately $26,000. SG Americas Securities LLC purchased a new position in shares of Hyliion during the third quarter valued at approximately $27,000. Hsbc Holdings PLC bought a new stake in Hyliion during the first quarter worth $27,000. Finally, Brevan Howard Capital Management LP bought a new stake in Hyliion during the second quarter worth $30,000. Institutional investors own 22.81% of the company’s stock.
About Hyliion
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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