HH&L Acquisition (NYSE:HHLA) Stock Price Up 0%

Shares of HH&L Acquisition Co. (NYSE:HHLAGet Free Report) rose 0% on Tuesday . The stock traded as high as $10.78 and last traded at $10.78. Approximately 2,223 shares were traded during trading, a decline of 97% from the average daily volume of 79,437 shares. The stock had previously closed at $10.77.

HH&L Acquisition Price Performance

The business has a fifty day simple moving average of $10.74 and a 200 day simple moving average of $10.65. The firm has a market cap of $156.88 million, a price-to-earnings ratio of -76.96 and a beta of -0.01.

HH&L Acquisition (NYSE:HHLAGet Free Report) last announced its earnings results on Monday, November 20th. The company reported ($0.28) EPS for the quarter.

Insider Activity

In related news, major shareholder Highbridge Capital Management sold 250,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $10.75, for a total value of $2,687,500.00. Following the completion of the transaction, the insider now directly owns 250,000 shares in the company, valued at $2,687,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Trading of HH&L Acquisition

Several hedge funds have recently modified their holdings of HHLA. Deutsche Bank AG acquired a new stake in HH&L Acquisition in the third quarter valued at $2,081,000. Tuttle Capital Management LLC acquired a new stake in HH&L Acquisition in the third quarter valued at $159,000. K2 Principal Fund L.P. acquired a new stake in HH&L Acquisition in the second quarter valued at $355,000. Berkley W R Corp raised its stake in HH&L Acquisition by 21.3% in the second quarter. Berkley W R Corp now owns 302,657 shares of the company’s stock valued at $3,172,000 after buying an additional 53,134 shares in the last quarter. Finally, Spartan Fund Management Inc. acquired a new stake in HH&L Acquisition in the second quarter valued at $2,958,000. 39.24% of the stock is currently owned by institutional investors and hedge funds.

About HH&L Acquisition

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HH&L Acquisition Co does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on healthcare or healthcare-related companies in Asian markets.

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