Why Hyliion Stock Dropped Today

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Shares of truck electrification company Hyliion Holdings (NYSE: HYLN) soared more than 30% Thursday after the company announced more efficient, higher performance battery technology for battery-electric semi trucks. 

Investors cheered the next-generation batteries, but some of those gains disappeared as shares were down 11.4% as of 1:40 p.m. EST on Friday. 

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