Is it Time to Dump Hyliion Holdings Corp (HYLN) Stock After it Has Fallen 12.35% in a Week?

Hyliion Holdings Corp (HYLN) stock is down 12.35% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Hyliion Holdings Corp has a Bearish 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HYLN Stock Today?

Hyliion Holdings Corp (HYLN) stock has fallen -0.67% while the S&P 500 has risen 0.41% as of 1:36 PM on Tuesday, Mar 19. HYLN is down -$0.01 from the previous closing price of $1.50 on volume of 538,438 shares. Over the past year the S&P 500 is higher by 30.85% while HYLN is down -30.70%. HYLN lost -$0.68 per share in the over the last 12 months.

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.