Hyliion is trading 5.5% up today at $3.75 as the stock attempts to stabilize following a significant selloff linked to securities fraud investigations and short-seller allegations.
- The recent volatility was triggered by a Pelican Way Research report and subsequent law-firm investigations concerning a $133 million Letter of Intent (LOI) with VFG Holdings.
- Shares previously experienced sharp declines of 13–17% in a single session, suggesting today’s upward movement is a technical rebound rather than a reaction to fresh company news.