HCM Acquisition (NASDAQ:HCMA) Trading Up 16.2% – Time to Buy?

HCM Acquisition Corp (NASDAQ:HCMAGet Free Report)’s stock price was up 16.2% during trading on Wednesday . The company traded as high as $11.60 and last traded at $10.92. Approximately 14,785 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 68,548 shares. The stock had previously closed at $9.40.

HCM Acquisition Stock Performance

The business’s 50 day simple moving average is $9.39 and its two-hundred day simple moving average is $9.29.

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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