HCM II Acquisition (NASDAQ:HOND) Hits New 12-Month High – What’s Next?

HCM II Acquisition Corp. (NASDAQ:HOND) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $19.87 and last traded at $19.69, with a volume of 698648 shares. The stock had previously closed at $18.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HCM II Acquisition in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

HCM II Acquisition Price Performance

The business’s 50-day moving average price is $13.17 and its two-hundred day moving average price is $11.80.

Hedge Funds Weigh In On HCM II Acquisition

A number of institutional investors have recently modified their holdings of the company. North Capital Inc. raised its position in shares of HCM II Acquisition by 66.7% in the third quarter. North Capital Inc. now owns 10,000 shares of the company’s stock valued at $164,000 after buying an additional 4,000 shares during the last quarter. Shay Capital LLC purchased a new stake in HCM II Acquisition in the second quarter valued at approximately $6,086,000. Scoggin Management LP purchased a new stake in HCM II Acquisition in the second quarter valued at approximately $2,220,000. Massar Capital Management LP purchased a new stake in HCM II Acquisition in the second quarter valued at approximately $1,110,000. Finally, HRT Financial LP grew its holdings in HCM II Acquisition by 131.6% in the second quarter. HRT Financial LP now owns 230,069 shares of the company’s stock valued at $2,553,000 after purchasing an additional 130,749 shares during the period.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.