HCM II Acquisition Sees Unusually Large Options Volume (NASDAQ:IMSR)

HCM II Acquisition Corp. (NASDAQ:IMSR) was the target of some unusual options trading activity on Monday. Investors purchased 13,479 call options on the stock. This is an increase of approximately 86% compared to the average volume of 7,262 call options.

HCM II Acquisition Trading Up 15.0%

Shares of IMSR traded up $1.41 during mid-day trading on Monday, reaching $10.78. The company had a trading volume of 4,052,326 shares, compared to its average volume of 5,956,718. HCM II Acquisition has a fifty-two week low of $5.95 and a fifty-two week high of $31.50.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cantor Fitzgerald began coverage on HCM II Acquisition in a report on Friday, December 19th. They issued an “overweight” rating and a $12.00 price target for the company. Wall Street Zen downgraded HCM II Acquisition from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of HCM II Acquisition in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, HCM II Acquisition currently has an average rating of “Hold” and a consensus price target of $12.00.

About HCM II Acquisition

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.