HCM Acquisition (NASDAQ:HCMAU) Stock Price Up 0.2% – Time to Buy?

HCM Acquisition Corp (NASDAQ:HCMAU) rose 0.2% during mid-day trading on Monday . The stock traded as high as $10.32 and last traded at $10.32. Approximately 1,100 shares were traded during trading, a decline of 88% from the average daily volume of 8,849 shares. The stock had previously closed at $10.30.

HCM Acquisition Stock Performance

The company has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $10.32.

Institutional Trading of HCM Acquisition

Several institutional investors have recently added to or reduced their stakes in HCMAU. Gritstone Asset Management LLC bought a new stake in HCM Acquisition during the third quarter valued at $516,000. Readystate Asset Management LP bought a new stake in HCM Acquisition during the third quarter valued at $103,000. Alberta Investment Management Corp bought a new stake in HCM Acquisition during the third quarter valued at $5,670,000. BCK Capital Management LP bought a new stake in HCM Acquisition during the third quarter valued at $335,000. Finally, MMCAP International Inc. SPC bought a new stake in HCM Acquisition during the third quarter valued at $10,310,000.

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.