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Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Shares Down 0.1% - Should You Sell?

Hennessy Capital Investment Corp. VI logo with Unclassified background

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI - Get Free Report) shares traded down 0.1% on Wednesday . The stock traded as low as $10.75 and last traded at $10.74. 403 shares traded hands during trading, a decline of 76% from the average session volume of 1,707 shares. The stock had previously closed at $10.75.

Hennessy Capital Investment Corp. VI Stock Performance

The firm has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $10.62. The company has a market capitalization of $157.38 million, a price-to-earnings ratio of -10.05 and a beta of 0.07.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new stake in Hennessy Capital Investment Corp. VI during the 4th quarter worth about $2,516,000. Berkley W R Corp purchased a new stake in shares of Hennessy Capital Investment Corp. VI during the 4th quarter worth about $1,076,000. JPMorgan Chase & Co. purchased a new stake in shares of Hennessy Capital Investment Corp. VI during the 4th quarter worth about $910,000. Mizuho Securities USA LLC purchased a new stake in shares of Hennessy Capital Investment Corp. VI during the 4th quarter worth about $3,102,000. Finally, Quarry LP purchased a new stake in shares of Hennessy Capital Investment Corp. VI during the 3rd quarter worth about $1,738,000. 59.54% of the stock is owned by institutional investors and hedge funds.

Hennessy Capital Investment Corp. VI Company Profile

(Get Free Report)

Hennessy Capital Investment Corp. VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.

Further Reading

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