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HCM Acquisition (NASDAQ:HCMA) Trading Down 17.8% - Should You Sell?

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Key Points

  • HCM Acquisition Corp's shares fell 17.8% to $4.11 during mid-day trading on Thursday, significantly lower than its previous close of $5.00.
  • Trading volume decreased by 60% to approximately 27,733 shares, compared to an average daily volume of 68,548 shares.
  • The company, incorporated in 2021, focuses on mergers and business combinations but currently does not have significant operations.
  • Interested in HCM Acquisition? Here are five stocks we like better.

Shares of HCM Acquisition Corp (NASDAQ:HCMA - Get Free Report) dropped 17.8% during mid-day trading on Thursday . The company traded as low as $4.11 and last traded at $4.11. Approximately 27,733 shares were traded during trading, a decline of 60% from the average daily volume of 68,548 shares. The stock had previously closed at $5.00.

HCM Acquisition Stock Performance

The business has a 50-day simple moving average of $7.09 and a 200-day simple moving average of $9.14.

About HCM Acquisition

(Get Free Report)

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.

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