HCM II Acquisition (NASDAQ:HOND) Sets New 1-Year High – Here’s What Happened

HCM II Acquisition Corp. (NASDAQ:HOND)’s stock price reached a new 52-week high on Friday . The stock traded as high as $18.18 and last traded at $17.61, with a volume of 603525 shares changing hands. The stock had previously closed at $16.88.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HCM II Acquisition in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

HCM II Acquisition Trading Up 1.7%

The business has a 50-day moving average of $12.48 and a 200-day moving average of $11.54.

Hedge Funds Weigh In On HCM II Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in HCM II Acquisition in the second quarter valued at approximately $67,000. Patriot Financial Group Insurance Agency LLC bought a new stake in HCM II Acquisition in the second quarter worth $209,000. Mizuho Securities USA LLC bought a new stake in HCM II Acquisition in the first quarter worth $271,000. FNY Investment Advisers LLC increased its position in HCM II Acquisition by 41,400.0% during the second quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company’s stock worth $460,000 after buying an additional 41,400 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in HCM II Acquisition during the second quarter valued at about $552,000.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.