Is Hyliion Holdings Corp (HYLN) a Stock to Watch After Gaining 0.54% This Week?

Overall market sentiment has been neutral on Hyliion Holdings Corp (HYLN) stock lately. HYLN receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Hyliion Holdings Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on HYLN!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HYLN Stock Today?

Hyliion Holdings Corp (HYLN) stock is up 5.06% while the S&P 500 has fallen -0.17% as of 12:28 PM on Friday, Mar 8. HYLN is up $0.09 from the previous closing price of $1.78 on volume of 381,377 shares. Over the past year the S&P 500 is higher by 28.97% while HYLN has fallen -23.05%. HYLN lost -$0.68 per share in the over the last 12 months. To screen for more stocks like Hyliion Holdings Corp click here.

More About Hyliion Holdings Corp

Hyliion Holdings Corp produces electrified powertrain systems for commercial vehicles. The company focuses on reducing the carbon intensity and greenhouse gas emissions of the transportation sector by providing electrified powertrain solutions for Class 8 commercial vehicles at the lowest total cost of ownership. It is currently developing two powertrain systems: Hybrid system and Hypertruck ERX system. Click Here to get the full Stock Report for Hyliion Holdings Corp stock.