Investors Should Pass on Hyliion Holdings
Joel Baglole, 07 December 2020
After rising from $10 a share in June to a peak of $58.66 in September (a gain of 487%), Hyliion stock has fallen to $18.04 a share. And the decline looks persistent. Since Nov. 27, the stock dropped 33%. Investors who hold a stake in Hyliion may want to sell now and cut their losses before things get any worse. The company, which designs, develops, and sells electrified powertrain solutions for commercial vehicles, looks to have lost its luster and any momentum the stock seems to have evaporated, leaving its share price deflated.
