Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) saw unusually large options trading activity on Friday. Stock investors bought 5,234 call options on the stock. This represents an increase of approximately 623% compared to the average daily volume of 724 call options.
Hyliion Trading Up 26.4%
Shares of NYSE:HYLN traded up $0.98 during trading on Friday, hitting $4.67. 9,567,784 shares of the company’s stock were exchanged, compared to its average volume of 1,198,990. Hyliion has a 1-year low of $1.11 and a 1-year high of $4.76. The firm has a 50-day moving average price of $2.02 and a two-hundred day moving average price of $2.00. The firm has a market cap of $829.50 million, a P/E ratio of -12.53 and a beta of 2.59.
Institutional Investors Weigh In On Hyliion
Institutional investors have recently modified their holdings of the business. CIBC Bancorp USA Inc. acquired a new stake in shares of Hyliion during the 3rd quarter worth approximately $26,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Hyliion during the 1st quarter worth approximately $26,000. SG Americas Securities LLC acquired a new stake in shares of Hyliion during the 3rd quarter worth approximately $27,000. Hsbc Holdings PLC acquired a new stake in shares of Hyliion during the 1st quarter worth approximately $27,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Hyliion during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 22.81% of the company’s stock.
Hyliion Company Profile
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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