HCM Acquisition (NASDAQ:HCMAU) Stock Price Down 0.1% – Here’s What Happened

Shares of HCM Acquisition Corp (NASDAQ:HCMAU) dropped 0.1% during trading on Friday . The stock traded as low as $10.47 and last traded at $10.47. 100 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 6,035 shares. The stock had previously closed at $10.48.

HCM Acquisition Price Performance

The business has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.38.

Institutional Investors Weigh In On HCM Acquisition

A number of hedge funds have recently made changes to their positions in HCMAU. KRYGER CAPITAL Ltd bought a new position in HCM Acquisition during the 4th quarter valued at about $32,000. Boothbay Fund Management LLC acquired a new stake in shares of HCM Acquisition during the third quarter worth approximately $258,000. Sona Asset Management US LLC acquired a new stake in shares of HCM Acquisition during the third quarter worth approximately $516,000. HRT Financial LP raised its stake in shares of HCM Acquisition by 2.8% in the fourth quarter. HRT Financial LP now owns 50,002 shares of the company’s stock valued at $512,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of HCM Acquisition in the third quarter valued at approximately $1,031,000.

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.