DiamondHead (NASDAQ:DHHC) Reaches New 52-Week Low at $6.27

DiamondHead Holdings Corp. (NASDAQ:DHHC)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.27 and last traded at $6.27, with a volume of 13525 shares. The stock had previously closed at $6.41.

DiamondHead Price Performance

The business has a fifty day simple moving average of $7.40 and a 200 day simple moving average of $7.58.

Institutional Trading of DiamondHead

Large investors have recently modified their holdings of the business. Berkley W R Corp acquired a new position in shares of DiamondHead in the first quarter valued at approximately $96,000. Virtu Financial LLC purchased a new stake in DiamondHead in the 4th quarter worth approximately $108,000. Cubist Systematic Strategies LLC acquired a new position in DiamondHead in the 2nd quarter valued at $120,000. Two Sigma Investments LP purchased a new position in shares of DiamondHead during the 3rd quarter worth $167,000. Finally, Meteora Capital LLC acquired a new stake in shares of DiamondHead during the fourth quarter worth $434,000. 74.00% of the stock is currently owned by institutional investors and hedge funds.

About DiamondHead

DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.