Shares of Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Get Free Report) passed 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 traded.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on shares of Hennessy Capital Investment Corp. VIII in a research note on Thursday, August 13th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Analysis on HCIC
Hennessy Capital Investment Corp. VIII Price Performance
The stock has a fifty day moving average price of $10.00 and a 200 day moving average price of $9.95.
Hedge Funds Weigh In On Hennessy Capital Investment Corp. VIII
A hedge fund recently bought a new position in Hennessy Capital Investment Corp. VIII stock. Readystate Asset Management LP purchased a new position in Hennessy Capital Investment Corp. VIII (NASDAQ:HCIC – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,500 shares of the company’s stock, valued at approximately $745,000. Readystate Asset Management LP owned 0.17% of Hennessy Capital Investment Corp. VIII as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 74.67% of the company’s stock.
About Hennessy Capital Investment Corp. VIII
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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