HCM Acquisition (NASDAQ:HCMAU) Trading 0.3% Higher – What’s Next?

Shares of HCM Acquisition Corp (NASDAQ:HCMAU) traded up 0.3% on Tuesday . The stock traded as high as $10.44 and last traded at $10.44. 121 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 8,085 shares. The stock had previously closed at $10.41.

HCM Acquisition Trading Up 0.3%

The company’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $10.31.

Institutional Trading of HCM Acquisition

Hedge funds have recently bought and sold shares of the company. KRYGER CAPITAL Ltd acquired a new stake in HCM Acquisition during the fourth quarter worth approximately $32,000. Readystate Asset Management LP acquired a new position in HCM Acquisition in the 3rd quarter valued at $103,000. ATW Spac Management LLC purchased a new position in shares of HCM Acquisition during the 3rd quarter worth $258,000. Boothbay Fund Management LLC purchased a new position in shares of HCM Acquisition during the 3rd quarter worth $258,000. Finally, BCK Capital Management LP acquired a new stake in shares of HCM Acquisition during the third quarter worth $335,000.

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.