HCM Acquisition (NASDAQ:HCMAU) Stock Price Down 0.5% – Here’s What Happened

HCM Acquisition Corp (NASDAQ:HCMAU) shares fell 0.5% during mid-day trading on Thursday . The company traded as low as $10.21 and last traded at $10.24. 1,800 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 9,788 shares. The stock had previously closed at $10.29.

HCM Acquisition Stock Performance

The company’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $10.35.

Hedge Funds Weigh In On HCM Acquisition

Several large investors have recently made changes to their positions in HCMAU. Magnetar Financial LLC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $10,310,000. MMCAP International Inc. SPC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $10,310,000. Alberta Investment Management Corp bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $5,670,000. Polar Asset Management Partners Inc. bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $5,155,000. Finally, Millennium Management LLC bought a new position in shares of HCM Acquisition during the 3rd quarter valued at about $4,423,000.

HCM Acquisition Company Profile

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.