Why Hyliion Stock Is Moving Higher Today
Hyliion Holdings (NYSE: HYLN) has flown relatively under the radar compared to other electric vehicle companies that have come to market over the past year. Its CEO, Thomas Healy, in an interview this week said Hyliion is focused on winning the long game, and its shares are up more than 10% on Thursday on that assurance.
Hyliion was one of a number of automotive electrification companies to go public last year via a special purpose acquisition company (SPAC), and as with most such companies the shares have been volatile. The shares climbed as high as $58.66 late last summer before giving all of that back in the months that followed.
Image source: Hyliion Holdings.
Source Fool.com
