Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.00 and traded as high as $10.01. Hennessy Capital Investment Corp. VIII shares last traded at $10.01, with a volume of 9,843 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e)” rating on shares of Hennessy Capital Investment Corp. VIII in a report on Wednesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on HCIC
Hennessy Capital Investment Corp. VIII Price Performance
The business’s 50-day simple moving average is $10.00 and its 200-day simple moving average is $9.95.
Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Get Free Report) last posted its earnings results on Friday, November 13th. The company reported $0.05 earnings per share for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP acquired a new position in Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned about 0.17% of Hennessy Capital Investment Corp. VIII as of its most recent filing with the SEC. 74.67% of the stock is owned by hedge funds and other institutional investors.
About Hennessy Capital Investment Corp. VIII
Hennessy Capital Investment Corp. VIII is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It does not have significant operating activities of its own. The company is sponsored by an affiliate of Hennessy Capital Group, an investment firm that has sponsored other SPACs. Its search is focused on identifying a business to combine with, rather than developing or selling products and services directly.
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