HCM II Acquisition Corp. (NASDAQ:HOND - Get Free Report)'s share price was up 7.9% during trading on Thursday . The stock traded as high as $18.95 and last traded at $18.80. Approximately 422,391 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 770,141 shares. The stock had previously closed at $17.42.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of HCM II Acquisition in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
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HCM II Acquisition Trading Up 8.9%
The business's 50-day simple moving average is $15.02 and its 200 day simple moving average is $12.46.
Institutional Trading of HCM II Acquisition
Hedge funds have recently bought and sold shares of the stock. North Capital Inc. purchased a new stake in HCM II Acquisition during the second quarter worth $67,000. Tuttle Capital Management LLC raised its position in shares of HCM II Acquisition by 16.7% in the 3rd quarter. Tuttle Capital Management LLC now owns 17,500 shares of the company's stock worth $287,000 after acquiring an additional 2,500 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in HCM II Acquisition in the second quarter valued at about $209,000. Mizuho Securities USA LLC purchased a new position in HCM II Acquisition in the first quarter valued at about $271,000. Finally, FNY Investment Advisers LLC grew its stake 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 valued at $460,000 after purchasing an additional 41,400 shares during the last quarter.
HCM II Acquisition Company Profile
(
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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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