HCM Acquisition Corp (NASDAQ:HCMA – Get Free Report) shares shot up 0.2% during trading on Tuesday. The stock traded as high as $10.29 and last traded at $10.31. Approximately 13,047 shares traded hands during trading, a decline of 75% from the average session volume of 52,154 shares. The stock had previously closed at $10.29.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HCM Acquisition in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.
Get Our Latest Stock Report on HCM Acquisition
HCM Acquisition Trading Up 0.0%
The business’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $10.22.
HCM Acquisition (NASDAQ:HCMA – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Readystate Asset Management LP purchased a new stake in shares of HCM Acquisition during the 1st quarter worth $541,000. Galaxy Digital Inc. acquired a new position in shares of HCM Acquisition in the 1st quarter valued at $1,008,000. Rivernorth Capital Management LLC purchased a new position in HCM Acquisition during the first quarter worth about $2,016,000. DLD Asset Management LP boosted its holdings in HCM Acquisition by 19.0% in the 1st quarter. DLD Asset Management LP now owns 250,000 shares of the company’s stock valued at $2,520,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Berkley W R Corp grew its stake in shares of HCM Acquisition by 34.4% in the 1st quarter. Berkley W R Corp now owns 388,407 shares of the company’s stock valued at $3,915,000 after buying an additional 99,480 shares during the period. 11.79% of the stock is currently owned by hedge funds and other institutional investors.
HCM Acquisition Company Profile
Read More
- Five stocks we like better than HCM Acquisition
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for HCM Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCM Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
