Periscope Capital Inc. Takes Position in Highview Merger Corp. $HVMC

Periscope Capital Inc. bought a new stake in shares of Highview Merger Corp. (NASDAQ:HVMC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 392,801 shares of the company’s stock, valued at approximately $3,928,000.

Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Highview Merger during the 4th quarter valued at $4,000,000.

Highview Merger Stock Up 0.4%

Shares of Highview Merger stock opened at $10.16 on Friday. Highview Merger Corp. has a 1 year low of $9.93 and a 1 year high of $10.15. The company’s fifty day simple moving average is $10.11.

Highview Merger (NASDAQ:HVMC) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Highview Merger in a research report on Thursday, February 5th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Highview Merger Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.