HCM Acquisition Corp (NASDAQ:HCMA - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.30 and traded as high as $10.32. HCM Acquisition shares last traded at $10.3150, with a volume of 57,264 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of HCM Acquisition in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of "Sell".
View Our Latest Stock Report on HCMA
HCM Acquisition Price Performance
The firm has a 50 day moving average of $10.30 and a 200-day moving average of $10.22.
HCM Acquisition (NASDAQ:HCMA - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.05 EPS for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HCMA. Galaxy Digital Inc. bought a new stake in HCM Acquisition during the first quarter worth about $1,008,000. Rivernorth Capital Management LLC acquired a new stake in HCM Acquisition during the first quarter worth about $2,016,000. Berkley W R Corp increased its holdings in HCM Acquisition by 34.4% in the 1st quarter. Berkley W R Corp now owns 388,407 shares of the company's stock valued at $3,915,000 after buying an additional 99,480 shares during the period. Readystate Asset Management LP bought a new position in HCM Acquisition in the 1st quarter valued at about $541,000. Finally, DLD Asset Management LP increased its holdings in HCM Acquisition by 19.0% in the 1st quarter. DLD Asset Management LP now owns 250,000 shares of the company's stock valued at $2,520,000 after buying an additional 40,000 shares during the period. Institutional investors own 11.79% of the company's stock.
About HCM Acquisition
(
Get Free Report)
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HCM Acquisition, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCM Acquisition wasn't on the list.
While HCM Acquisition currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
