Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) shares fell 12.5% on Monday . The company traded as low as $4.14 and last traded at $4.0850. 4,304,247 shares traded hands during trading, an increase of 248% from the average session volume of 1,238,540 shares. The stock had previously closed at $4.67.
Hyliion Stock Performance
The company has a market capitalization of $754.82 million, a PE ratio of -11.42 and a beta of 2.59. The stock has a 50 day moving average price of $2.08 and a two-hundred day moving average price of $2.02.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new position in Hyliion in the 3rd quarter worth $26,000. Cubist Systematic Strategies LLC bought a new position in Hyliion in the 1st quarter worth approximately $26,000. SG Americas Securities LLC bought a new position in Hyliion in the 3rd quarter worth approximately $27,000. Hsbc Holdings PLC bought a new position in Hyliion in the 1st quarter worth approximately $27,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Hyliion during the 2nd quarter worth about $30,000. 22.81% of the stock is owned by institutional investors.
About Hyliion
Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.
Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.
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