Periscope Capital Inc. purchased a new stake in shares of Highview Merger Corp. (NASDAQ:HVMC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 392,801 shares of the company’s stock, valued at approximately $3,928,000.
Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Highview Merger during the 4th quarter valued at $4,000,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings initiated coverage on Highview Merger in a research report on Thursday, February 5th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Highview Merger currently has an average rating of “Sell”.
Highview Merger Stock Performance
NASDAQ:HVMC opened at $10.16 on Friday. The company’s fifty day moving average is $10.11. Highview Merger Corp. has a 52-week low of $9.93 and a 52-week high of $10.15.
Highview Merger (NASDAQ:HVMC – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.
About Highview Merger
We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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