Shares of Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) traded up 13.7% during mid-day trading on Friday . The stock traded as high as $4.09 and last traded at $4.1960. 2,031,222 shares changed hands during trading, an increase of 83% from the average session volume of 1,110,377 shares. The stock had previously closed at $3.69.
Hyliion Stock Performance
The firm has a market cap of $813.67 million, a price-to-earnings ratio of -12.37 and a beta of 2.59. The company has a 50 day moving average price of $2.02 and a 200 day moving average price of $2.00.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Hyliion in the 3rd quarter valued at approximately $26,000. Cubist Systematic Strategies LLC purchased a new position in shares of Hyliion during the 1st quarter worth approximately $26,000. SG Americas Securities LLC acquired a new stake in Hyliion in the 3rd quarter valued at approximately $27,000. Hsbc Holdings PLC purchased a new stake in Hyliion in the first quarter valued at approximately $27,000. Finally, Brevan Howard Capital Management LP acquired a new position in Hyliion during the second quarter worth $30,000. Institutional investors and hedge funds own 22.81% of the company’s stock.
Hyliion Company Profile
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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