HCM Acquisition (NASDAQ:HCMAU) Trading 0.3% Higher – Should You Buy?

Shares of HCM Acquisition Corp (NASDAQ:HCMAU) traded up 0.3% during trading on Tuesday . The stock traded as high as $10.44 and last traded at $10.44. 121 shares were traded during mid-day trading, a decline of 99% from the average session volume of 8,085 shares. The stock had previously closed at $10.41.

HCM Acquisition Stock Up 0.3%

The company’s 50 day moving average price is $10.32 and its 200 day moving average price is $10.31.

Institutional Trading of HCM Acquisition

Several hedge funds have recently made changes to their positions in HCMAU. Magnetar Financial LLC acquired a new stake in shares of HCM Acquisition in the 3rd quarter worth $10,310,000. MMCAP International Inc. SPC acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $10,310,000. Alberta Investment Management Corp acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $5,670,000. Polar Asset Management Partners Inc. acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $5,155,000. Finally, Millennium Management LLC acquired a new stake in shares of HCM Acquisition in the third quarter valued at about $4,423,000.

HCM Acquisition Company Profile

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.