Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.00 and traded as high as $10.01. Hennessy Capital Investment Corp. VIII shares last traded at $10.01, with a volume of 9,843 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings began coverage on Hennessy Capital Investment Corp. VIII in a research note on Thursday, August 13th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Hennessy Capital Investment Corp. VIII currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on HCIC
Hennessy Capital Investment Corp. VIII Price Performance
The company’s 50-day moving average is $10.00 and its two-hundred day moving average is $9.95.
Institutional Trading of Hennessy Capital Investment Corp. VIII
An institutional investor recently bought a new stake in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP bought a new position in Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned approximately 0.17% of Hennessy Capital Investment Corp. VIII as of its most recent filing with the Securities & Exchange Commission. 74.67% of the stock is currently owned by institutional investors and hedge funds.
Hennessy Capital Investment Corp. VIII Company Profile
Hennessy Capital Investment Corp. VIII is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It does not have significant operating activities of its own. The company is sponsored by an affiliate of Hennessy Capital Group, an investment firm that has sponsored other SPACs. Its search is focused on identifying a business to combine with, rather than developing or selling products and services directly.
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