HCM Acquisition (NASDAQ:HCMA) Trading Down 0.1% – What’s Next?

HCM Acquisition Corp (NASDAQ:HCMA)’s stock price was down 0.1% on Thursday . The stock traded as low as $10.10 and last traded at $10.10. Approximately 4,060 shares changed hands during trading, a decline of 95% from the average daily volume of 89,757 shares. The stock had previously closed at $10.11.

HCM Acquisition Trading Down 0.1%

The firm has a 50-day moving average of $10.20 and a two-hundred day moving average of $8.76.

Institutional Trading of HCM Acquisition

Several institutional investors have recently made changes to their positions in HCMA. Wolverine Asset Management LLC purchased a new stake in HCM Acquisition in the 3rd quarter worth approximately $4,131,000. HighTower Advisors LLC acquired a new position in shares of HCM Acquisition in the third quarter worth $1,339,000. JPMorgan Chase & Co. purchased a new stake in shares of HCM Acquisition during the third quarter worth $251,000. Highbridge Capital Management LLC acquired a new stake in HCM Acquisition during the third quarter valued at $10,100,000. Finally, Picton Mahoney Asset Management acquired a new stake in HCM Acquisition during the third quarter valued at $5,053,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

About HCM Acquisition

HCM Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp was incorporated in 2021 and is based in Stamford, Connecticut.