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HCM II Acquisition (NASDAQ:HOND) Hits New 1-Year High - Time to Buy?

HCM II Acquisition logo with Financial Services background

Key Points

  • HCM II Acquisition Corp. shares hit a new 52-week high of $17.84 and are currently trading at $17.42, marking an increase of 11.2% from the previous close.
  • Several large institutional investors have recently entered positions in HCM II Acquisition, with notable purchases including $21.15 million from Linden Advisors LP and $20.72 million from Magnetar Financial LLC.
  • HCM II Acquisition Corp. is a blank check company established to engage in business combinations such as mergers and asset acquisitions.
  • Five stocks to consider instead of HCM II Acquisition.

HCM II Acquisition Corp. (NASDAQ:HOND - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $17.84 and last traded at $17.42, with a volume of 3089253 shares trading hands. The stock had previously closed at $15.78.

HCM II Acquisition Stock Up 11.2%

The business's 50 day moving average price is $11.63 and its 200-day moving average price is $11.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Linden Advisors LP bought a new position in shares of HCM II Acquisition in the 1st quarter worth $21,150,000. Magnetar Financial LLC acquired a new position in shares of HCM II Acquisition during the 1st quarter worth about $20,719,000. MMCAP International Inc. SPC acquired a new position in HCM II Acquisition during the first quarter valued at approximately $10,310,000. Encompass Capital Advisors LLC bought a new stake in HCM II Acquisition in the first quarter valued at approximately $10,006,000. Finally, Shay Capital LLC acquired a new stake in HCM II Acquisition in the second quarter worth $6,086,000.

About HCM II Acquisition

(Get Free Report)

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.

Further Reading

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