HCM Acquisition (NASDAQ:HCMAU) Stock Price Down 0.2% – Time to Sell?

HCM Acquisition Corp (NASDAQ:HCMAU)’s share price traded down 0.2% on Wednesday . The company traded as low as $10.47 and last traded at $10.47. 100 shares were traded during trading, a decline of 99% from the average daily volume of 6,757 shares. The stock had previously closed at $10.49.

HCM Acquisition Price Performance

The firm has a fifty day moving average of $10.39 and a 200-day moving average of $10.33.

Hedge Funds Weigh In On HCM Acquisition

Several institutional investors have recently modified their holdings of HCMAU. Magnetar Financial LLC acquired a new stake in shares of HCM Acquisition in the 3rd quarter worth about $10,310,000. Polar Asset Management Partners Inc. acquired a new position in HCM Acquisition during the 3rd quarter valued at about $5,155,000. Millennium Management LLC bought a new position in HCM Acquisition in the 3rd quarter worth about $4,423,000. AQR Arbitrage LLC bought a new position in HCM Acquisition in the 3rd quarter worth about $3,912,000. Finally, Toronto Dominion Bank grew its position in HCM Acquisition by 0.4% in the 4th quarter. Toronto Dominion Bank now owns 351,379 shares of the company’s stock worth $3,614,000 after purchasing an additional 1,379 shares during the last quarter.

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.