HCM Acquisition (NASDAQ:HCMA) Shares Down 6.1% – Here’s Why

Shares of HCM Acquisition Corp (NASDAQ:HCMAGet Free Report) fell 6.1% during mid-day trading on Friday . The stock traded as low as $8.41 and last traded at $8.41. 887 shares were traded during mid-day trading, a decline of 99% from the average session volume of 68,548 shares. The stock had previously closed at $8.96.

HCM Acquisition Stock Performance

The stock has a 50-day moving average of $8.01 and a 200-day moving average of $9.71.

About HCM Acquisition

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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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