HCM Acquisition (NASDAQ:HCMAU) Trading Down 0.1% – Here’s What Happened

HCM Acquisition Corp (NASDAQ:HCMAU) shares traded down 0.1% during mid-day trading on Friday . The stock traded as low as $10.47 and last traded at $10.47. Approximately 100 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 6,035 shares. The stock had previously closed at $10.48.

HCM Acquisition Price Performance

The business has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $10.38.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. acquired a new position in HCM Acquisition during the 3rd quarter worth about $5,155,000. Millennium Management LLC acquired a new stake in HCM Acquisition in the 3rd quarter valued at about $4,423,000. AQR Arbitrage LLC bought a new position in shares of HCM Acquisition in the third quarter worth about $3,912,000. Toronto Dominion Bank raised its stake in shares of HCM Acquisition by 0.4% in the fourth quarter. Toronto Dominion Bank now owns 351,379 shares of the company’s stock worth $3,614,000 after acquiring an additional 1,379 shares during the last quarter. Finally, Clear Street Group Inc. lifted its position in shares of HCM Acquisition by 108.0% during the fourth quarter. Clear Street Group Inc. now owns 126,649 shares of the company’s stock worth $1,303,000 after purchasing an additional 65,752 shares in 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.