HCM Acquisition (NASDAQ:HCMA) Stock Price Down 5.1%

HCM Acquisition Corp (NASDAQ:HCMA)’s stock price dropped 5.1% on Friday . The company traded as low as $8.39 and last traded at $8.39. Approximately 4,556 shares were traded during trading, a decline of 93% from the average daily volume of 68,548 shares. The stock had previously closed at $8.84.

HCM Acquisition Stock Performance

The firm’s 50 day moving average price is $10.18 and its two-hundred day moving average price is $10.61.

Hedge Funds Weigh In On HCM Acquisition

An institutional investor recently raised its position in HCM Acquisition stock. Berkley W R Corp increased its position in HCM Acquisition Corp (NASDAQ:HCMA) by 55.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 681,681 shares of the company’s stock after purchasing an additional 242,800 shares during the quarter. HCM Acquisition makes up 0.5% of Berkley W R Corp’s holdings, making the stock its 28th largest position. Berkley W R Corp owned about 4.82% of HCM Acquisition worth $7,614,000 at the end of the most recent reporting period. 11.79% of the stock is currently 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.