Hyzon Motors (NASDAQ:HYZN) Shares Gap Down to $2.07

Hyzon Motors Inc. (NASDAQ:HYZN – Get Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $2.07, but opened at $2.01. Hyzon Motors shares last traded at $2.11, with a volume of 2,408 shares traded.

Hyzon Motors Price Performance

The firm has a market capitalization of $480.93 million, a PE ratio of -16.17 and a beta of 2.06. The business has a 50-day simple moving average of $1.69 and a 200-day simple moving average of $2.12.

Insider Activity

In related news, major shareholder Fuel Cell Technologies Horizon sold 3,769,592 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $1.71, for a total value of $6,446,002.32. Following the completion of the sale, the insider now directly owns 151,869,414 shares in the company, valued at $259,696,697.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Hyzon Motors

Several hedge funds and other institutional investors have recently modified their holdings of HYZN. Prelude Capital Management LLC lifted its holdings in shares of Hyzon Motors by 5.7% in the 1st quarter. Prelude Capital Management LLC now owns 129,650 shares of the company’s stock worth $828,000 after buying an additional 6,950 shares during the period. Credit Suisse AG increased its position in Hyzon Motors by 17.5% during the 2nd quarter. Credit Suisse AG now owns 55,550 shares of the company’s stock valued at $163,000 after purchasing an additional 8,254 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Hyzon Motors by 5.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 187,032 shares of the company’s stock valued at $318,000 after purchasing an additional 8,968 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Hyzon Motors by 25.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 52,313 shares of the company’s stock worth $334,000 after purchasing an additional 10,707 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hyzon Motors by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 445,725 shares of the company’s stock valued at $2,849,000 after purchasing an additional 11,080 shares in the last quarter. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

About Hyzon Motors

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Hyzon Motors Inc, a hydrogen mobility company, provides decarbonized solutions for commercial vehicles market and hydrogen supply infrastructure. The company focuses on assembling and supplying hydrogen-powered FCEVs, including heavy-duty (Class 8) trucks, medium-duty (Class 6) trucks, light-duty (Class 3 and 4) trucks, and 40 and 60-foot (12 and18-meter) city and coach buses to commercial vehicle operators; and building and fostering a clean hydrogen supply ecosystem with leading partners from feedstock through hydrogen production, dispensing, and financing.