Haoxin Holdings Limited’s Lock-Up Period Set To End Tomorrow (NASDAQ:HXHX)

Haoxin’s (NASDAQ:HXHX) lock-up period will end on Monday, October 13th. Haoxin had issued 1,750,000 shares in its IPO on April 15th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Haoxin in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Haoxin Trading Down 8.3%

Haoxin stock opened at $1.22 on Friday. Haoxin has a fifty-two week low of $0.84 and a fifty-two week high of $6.29. The firm has a fifty day moving average price of $1.16.

Institutional Trading of Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent filing with the Securities & Exchange Commission.

About Haoxin

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016.