HCM Acquisition (NASDAQ:HCMA) is up 6.5%

HCM Acquisition Corp (NASDAQ:HCMA – Get Free Report) stock rose 6.5% on Thursday. The stock reached $10.40 and last traded at $10.22. During trading, 3,234 shares were traded, down 95% from its average session volume of 68,548 shares. The stock had previously closed at $9.60.

HCM Acquisition Price Performance

The company’s 50-day average share price is $10.63 and the 200-day average share price is $10.77.

Institutional HCM Takeover Trading

An institutional investor recently bought a new position in HCM Acquisition shares. Cowen AND Company LLC bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA – Free Report) in the 4th quarter, according to the latest filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company, valued at approximately $559,000. Cowen AND Company LLC held approximately 0.35% of HCM Acquisition shares at the end of the last reporting period. 11.79% of the shares are currently held by institutional investors.

About the acquisition of HCM

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HCM Acquisition Corp has no significant operations. The company is focused on executing a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more companies or entities. HCM Acquisition Corp was founded in 2021 and is headquartered in Stamford, Connecticut.

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