HCM Acquisition (NASDAQ:HCMAU) Stock Price Down 0.1% – Time to Sell?

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

HCM Acquisition Stock Performance

The firm’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.38.

Hedge Funds Weigh In On HCM Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in HCMAU. BNP Paribas Financial Markets purchased a new position in HCM Acquisition in the 3rd quarter worth $1,243,000. AQR Arbitrage LLC bought a new position in shares of HCM Acquisition during the third quarter valued at about $3,912,000. Polar Asset Management Partners Inc. bought a new position in shares of HCM Acquisition during the third quarter valued at about $5,155,000. Shaolin Capital Management LLC bought a new position in shares of HCM Acquisition during the third quarter valued at about $1,241,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of HCM Acquisition in the third quarter worth about $258,000.

HCM Acquisition Company Profile

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.