HCM Acquisition Corp (NASDAQ:HCMA – Get Free Report)’s share price traded up 6.5% on Thursday . The stock traded as high as $10.40 and last traded at $10.22. 3,234 shares traded hands during trading, a decline of 95% from the average session volume of 68,548 shares. The stock had previously closed at $9.60.
HCM Acquisition Price Performance
The business has a 50-day moving average price of $10.63 and a 200-day moving average price of $10.77.
Institutional Trading of HCM Acquisition
An institutional investor recently bought a new position in HCM Acquisition stock. Cowen AND Company LLC bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $559,000. Cowen AND Company LLC owned about 0.35% of HCM Acquisition at the end of the most recent reporting period. 11.79% of the stock is currently owned by institutional investors.
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.
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