DiamondHead (NASDAQ:DHHC) Shares Up 2.1% – Still a Buy?

DiamondHead Holdings Corp. (NASDAQ:DHHCGet Free Report)’s share price rose 2.1% during mid-day trading on Tuesday . The stock traded as high as $6.23 and last traded at $5.89. Approximately 40,292 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 350,931 shares. The stock had previously closed at $5.77.

DiamondHead Stock Performance

The business’s 50-day moving average is $6.29 and its 200-day moving average is $6.38.

DiamondHead Company Profile

(Get Free Report)

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.

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