Haoxin Holdings Limited’s Lock-Up Period Set To Expire on October 13th (NASDAQ:HXHX)

Haoxin’s (NASDAQ:HXHX) lock-up period will expire on Monday, October 13th. Haoxin had issued 1,750,000 shares in its public offering on April 15th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of Haoxin’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Haoxin in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Haoxin Stock Performance

Shares of HXHX stock opened at $1.49 on Monday. Haoxin has a 12-month low of $0.84 and a 12-month high of $6.29. The business’s fifty day simple moving average is $1.16.

Institutional Investors Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent SEC filing.

Haoxin Company Profile

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016.