Hyliion (NYSE:HYLN) Sets New 12-Month High – Here’s Why

Posted by Scott Moore on Nov 25th, 2024

Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $4.09 and last traded at $4.04, with a volume of 1214807 shares. The stock had previously closed at $3.84.

Analyst Ratings Changes

Several research analysts recently commented on HYLN shares. Northland Securities boosted their target price on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Northland Capmk raised Hyliion to a “hold” rating in a research note on Tuesday, October 1st.

Get Our Latest Report on HYLN

Hyliion Trading Down 0.5 %

The company has a 50-day moving average price of $2.53 and a 200-day moving average price of $2.04.

Insider Transactions at Hyliion

In other news, Director Jeffrey A. Craig bought 50,000 shares of Hyliion stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $2.95 per share, with a total value of $147,500.00. Following the acquisition, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. This trade represents a 21.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Govindaraj Ramasamy bought 30,000 shares of Hyliion stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the acquisition, the insider now directly owns 298,000 shares in the company, valued at approximately $572,160. The trade was a 11.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 20.40% of the company’s stock.

Institutional Trading of Hyliion

Several institutional investors and hedge funds have recently made changes to their positions in HYLN. Creative Planning purchased a new stake in shares of Hyliion in the 3rd quarter valued at about $29,000. AQR Capital Management LLC purchased a new stake in shares of Hyliion in the 2nd quarter valued at about $40,000. XTX Topco Ltd purchased a new stake in shares of Hyliion in the 3rd quarter valued at about $60,000. Intech Investment Management LLC purchased a new stake in shares of Hyliion in the 3rd quarter valued at about $77,000. Finally, Verition Fund Management LLC raised its stake in Hyliion by 52.9% during the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock valued at $84,000 after acquiring an additional 11,653 shares during the last quarter. 22.81% of the stock is owned by hedge funds and other institutional investors.