Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report)’s stock price dropped 5.9% during trading on Wednesday . The company traded as low as $3.01 and last traded at $3.05. Approximately 798,869 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 1,009,421 shares. The stock had previously closed at $3.24.
Analyst Upgrades and Downgrades
Separately, Northland Capmk upgraded shares of Hyliion to a “hold” rating in a research report on Tuesday, October 1st.
Check Out Our Latest Research Report on HYLN
Hyliion Trading Down 0.3 %
Insiders Place Their Bets
In other Hyliion news, Director Vincent T. Cubbage sold 65,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.90, for a total transaction of $253,500.00. Following the completion of the sale, the director now owns 972,078 shares of the company’s stock, valued at $3,791,104.20. This represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Craig bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the purchase, the director now directly owns 282,060 shares of the company’s stock, valued at $832,077. The trade was a 21.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Hyliion by 272.1% during the third quarter. Barclays PLC now owns 184,685 shares of the company’s stock valued at $459,000 after purchasing an additional 135,055 shares during the last quarter. XTX Topco Ltd purchased a new position in Hyliion during the third quarter valued at $60,000. Jane Street Group LLC boosted its holdings in Hyliion by 79.3% in the third quarter. Jane Street Group LLC now owns 265,302 shares of the company’s stock worth $658,000 after acquiring an additional 117,358 shares in the last quarter. State Street Corp grew its stake in shares of Hyliion by 0.6% in the third quarter. State Street Corp now owns 2,985,109 shares of the company’s stock worth $7,403,000 after acquiring an additional 16,707 shares during the last quarter. Finally, HITE Hedge Asset Management LLC increased its holdings in shares of Hyliion by 130.6% during the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock valued at $2,315,000 after acquiring an additional 528,750 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.
Hyliion Company Profile
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