DiamondHead (NASDAQ:DHHC) Shares Down 5.3% – Time to Sell?

DiamondHead Holdings Corp. (NASDAQ:DHHCGet Free Report)’s share price was down 5.3% during mid-day trading on Thursday . The company traded as low as $3.36 and last traded at $3.38. 29,208 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 350,931 shares. The stock had previously closed at $3.57.

DiamondHead Price Performance

The business’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $5.28.

About DiamondHead

(Get Free Report)

DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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