HCM Acquisition (NASDAQ:HCMAU) Trading Up 0.3% – Still a Buy?

HCM Acquisition Corp (NASDAQ:HCMAU) rose 0.3% on Thursday . The company traded as high as $10.48 and last traded at $10.51. Approximately 101 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 6,508 shares. The stock had previously closed at $10.48.

HCM Acquisition Price Performance

The firm has a 50-day moving average of $10.45 and a 200-day moving average of $10.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HCMAU. KRYGER CAPITAL Ltd purchased a new stake in shares of HCM Acquisition during the fourth quarter valued at $32,000. Boothbay Fund Management LLC purchased a new position in HCM Acquisition in the 3rd quarter worth about $258,000. HRT Financial LP raised its position in HCM Acquisition by 2.8% in the 4th quarter. HRT Financial LP now owns 50,002 shares of the company’s stock worth $512,000 after buying an additional 1,385 shares during the last quarter. Sona Asset Management US LLC bought a new position in HCM Acquisition during the 3rd quarter valued at about $516,000. Finally, Steadfast Capital Management LP bought a new position in HCM Acquisition during the 3rd quarter valued at about $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.