Shares of HCM II Acquisition Corp. (NASDAQ:HOND - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,407,789 shares were traded during mid-day trading, an increase of 101% from the previous session's volume of 699,916 shares.The stock last traded at $22.86 and had previously closed at $25.92.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of HCM II Acquisition in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".
Check Out Our Latest Analysis on HCM II Acquisition
HCM II Acquisition Stock Performance
The company has a 50 day moving average of $14.52 and a 200-day moving average of $12.30.
Hedge Funds Weigh In On HCM II Acquisition
Several large investors have recently added to or reduced their stakes in HOND. North Capital Inc. bought a new position in HCM II Acquisition during the second quarter worth $67,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in HCM II Acquisition in the second quarter worth $209,000. Mizuho Securities USA LLC acquired a new stake in HCM II Acquisition in the first quarter worth $271,000. FNY Investment Advisers LLC increased its position in HCM II Acquisition by 41,400.0% in the second quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company's stock worth $460,000 after buying an additional 41,400 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in HCM II Acquisition in the second quarter worth $552,000.
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.
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