Hyzon Motors Inc. (NASDAQ:HYZN – Get Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $2.04, but opened at $1.99. Hyzon Motors shares last traded at $2.04, with a volume of 61,594 shares trading hands.
Hyzon Motors Stock Performance
The firm has a market capitalization of $537.94 million, a P/E ratio of -18.08 and a beta of 2.07. The firm's 50-day moving average is $1.72 and its 200 day moving average is $2.07.
Get Hyzon Motors alerts:Insider Activity at Hyzon Motors
In related news, major shareholder Fuel Cell Technologies Horizon sold 3,769,592 shares of the business's stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $1.71, for a total value of $6,446,002.32. Following the sale, the insider now directly owns 151,869,414 shares of the company's stock, valued at approximately $259,696,697.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hyzon Motors
Several institutional investors and hedge funds have recently added to or reduced their stakes in HYZN. Long Focus Capital Management LLC lifted its position in Hyzon Motors by 198.0% during the 3rd quarter. Long Focus Capital Management LLC now owns 4,470,534 shares of the company's stock worth $7,600,000 after buying an additional 2,970,534 shares in the last quarter. Vanguard Group Inc. lifted its position in Hyzon Motors by 176.2% during the 1st quarter. Vanguard Group Inc. now owns 3,589,810 shares of the company's stock worth $22,938,000 after buying an additional 2,290,045 shares in the last quarter. Legal & General Group Plc lifted its position in Hyzon Motors by 42.3% during the 2nd quarter. Legal & General Group Plc now owns 6,008,135 shares of the company's stock worth $17,664,000 after buying an additional 1,787,394 shares in the last quarter. SG Americas Securities LLC lifted its position in Hyzon Motors by 158.3% during the 3rd quarter. SG Americas Securities LLC now owns 2,536,011 shares of the company's stock worth $4,311,000 after buying an additional 1,554,133 shares in the last quarter. Finally, State Street Corp lifted its position in Hyzon Motors by 94.9% during the 2nd quarter. State Street Corp now owns 1,928,852 shares of the company's stock worth $5,671,000 after buying an additional 939,098 shares in the last quarter. 18.97% of the stock is owned by institutional investors.About Hyzon Motors
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Hyzon Motors Inc, a hydrogen mobility company, provides decarbonized solutions for commercial vehicles market and hydrogen supply infrastructure. The company focuses on assembling and supplying hydrogen-powered FCEVs, including heavy-duty (Class 8) trucks, medium-duty (Class 6) trucks, light-duty (Class 3 and 4) trucks, and 40 and 60-foot (12 and18-meter) city and coach buses to commercial vehicle operators; and building and fostering a clean hydrogen supply ecosystem with leading partners from feedstock through hydrogen production, dispensing, and financing.
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