Hyliion (NYSE:HYLN) Shares Down 12.5% – Here’s What Happened

Hyliion Holdings Corp. (NYSE:HYLN) shares traded down 12.5% during mid-day trading on Monday . The company traded as low as $4.14 and last traded at $4.0850. 4,304,247 shares were traded 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 Price Performance

The firm has a market cap of $754.82 million, a P/E ratio of -11.42 and a beta of 2.59. The stock’s 50 day moving average is $2.08 and its two-hundred day moving average is $2.02.

Institutional Trading of Hyliion

Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in Hyliion by 3.2% during the fourth quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock worth $344,000 after buying an additional 5,873 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hyliion by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock worth $101,000 after purchasing an additional 7,574 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Hyliion by 7.0% in the third quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after acquiring an additional 10,000 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Hyliion by 15.1% in the first quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock worth $108,000 after acquiring an additional 10,076 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Hyliion by 12.0% during the third quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock valued at $223,000 after purchasing an additional 12,160 shares during the last quarter. 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.