HCM Acquisition (NASDAQ:HCMA) Shares Down 6.3%

HCM Acquisition Corp (NASDAQ:HCMA)’s share price fell 6.3% during mid-day trading on Wednesday . The company traded as low as $7.51 and last traded at $7.53. 33,873 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 68,548 shares. The stock had previously closed at $8.04.

HCM Acquisition Stock Up 4.4 %

The stock has a fifty day moving average of $10.44 and a 200-day moving average of $10.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new stake in HCM Acquisition in the third quarter worth about $57,000. Cowen AND Company LLC acquired a new position in shares of HCM Acquisition during the 4th quarter worth about $559,000. Mizuho Securities USA LLC grew its position in shares of HCM Acquisition by 277.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 94,840 shares of the company’s stock worth $1,029,000 after buying an additional 69,700 shares during the period. Finally, Berkley W R Corp grew its position in shares of HCM Acquisition by 55.3% during the 4th quarter. Berkley W R Corp now owns 681,681 shares of the company’s stock worth $7,614,000 after buying an additional 242,800 shares during the period. 11.79% of the stock is owned by institutional investors.

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.