HCM II Acquisition (NASDAQ:HOND) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• HCM II Acquisition's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook on the company's performance.
• The stock is currently trading at $17.09, with a 12-month range between $9.90 and $19.60.
• Recent institutional investments included a substantial increase by FNY Investment Advisers LLC, which boosted its stake in HCM II Acquisition by 41,400.0%.

HCM II Acquisition (NASDAQ:HOND - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

HCM II Acquisition Trading Down 1.7%

HCM II Acquisition stock opened at $17.09 on Wednesday. HCM II Acquisition has a 12-month low of $9.90 and a 12-month high of $19.60. The business's 50-day simple moving average is $12.86 and its 200 day simple moving average is $11.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. North Capital Inc. acquired a new position in HCM II Acquisition in the second quarter valued at about $67,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of HCM II Acquisition in the 2nd quarter valued at about $209,000. Mizuho Securities USA LLC bought a new stake in shares of HCM II Acquisition in the 1st quarter valued at about $271,000. FNY Investment Advisers LLC increased its stake in shares of HCM II Acquisition by 41,400.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company's stock valued at $460,000 after acquiring an additional 41,400 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in HCM II Acquisition during the second quarter valued at approximately $552,000.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.

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