HCM II Acquisition (NASDAQ:HOND) Shares Gap Up - Here's What Happened

Key Points

• HCM II Acquisition Corp. (NASDAQ:HOND) experienced a significant gap up, opening at $18.75 after previously closing at $17.16, with a last traded price of $18.26 on a volume of 790,517 shares.
• Weiss Ratings has reissued a "sell (d-)" rating on the stock, contributing to an average rating of "Sell" among analysts.
• Various institutional investors, including Shay Capital LLC and HRT Financial LP, have recently increased their stakes in HCM II Acquisition, indicating a growing interest in the company.

HCM II Acquisition Corp. (NASDAQ:HOND - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $17.16, but opened at $18.75. HCM II Acquisition shares last traded at $18.26, with a volume of 790,517 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of HCM II Acquisition in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

HCM II Acquisition Price Performance

The company's 50-day simple moving average is $12.48 and its 200-day simple moving average is $11.55.

Institutional Investors Weigh In On HCM II Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Shay Capital LLC acquired a new stake in shares of HCM II Acquisition in the second quarter valued at about $6,086,000. Scoggin Management LP acquired a new stake in HCM II Acquisition during the 2nd quarter valued at approximately $2,220,000. Massar Capital Management LP acquired a new stake in HCM II Acquisition during the 2nd quarter valued at approximately $1,110,000. HRT Financial LP increased its position in HCM II Acquisition by 131.6% during the 2nd quarter. HRT Financial LP now owns 230,069 shares of the company's stock valued at $2,553,000 after purchasing an additional 130,749 shares during the period. Finally, Berkley W R Corp increased its position in HCM II Acquisition by 33.9% during the 2nd quarter. Berkley W R Corp now owns 398,021 shares of the company's stock valued at $4,418,000 after purchasing an additional 100,781 shares during the period.

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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