Hyzon Motors Inc (NASDAQ:HYZN) traded up 5.1% on Thursday . The company traded as high as $6.50 and last traded at $6.42. 2,761 shares traded hands during trading, a decline of 100% from the average session volume of 3,784,745 shares. The stock had previously closed at $6.11.
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Hyzon Motors in a research report on Thursday, September 9th. They set an “overweight” rating and a $18.00 target price for the company. Wedbush lifted their target price on Hyzon Motors from $10.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, August 31st.
The stock’s 50-day simple moving average is $8.28.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HYZN. Wedbush Securities Inc. purchased a new position in Hyzon Motors during the 3rd quarter worth $73,000. FNY Investment Advisers LLC purchased a new position in Hyzon Motors during the 3rd quarter worth $381,000. Marshall Wace North America L.P. purchased a new position in Hyzon Motors during the 2nd quarter worth $2,375,000. Finally, Marshall Wace LLP purchased a new position in Hyzon Motors during the 2nd quarter worth $3,113,000. 3.72% of the stock is owned by hedge funds and other institutional investors.
Hyzon Motors Company Profile (NASDAQ:HYZN)
Decarbonization Plus Acquisition Corporation has entered into a definitive merger agreement with Hyzon Motors Inc
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