HCM Acquisition (NASDAQ:HCMA) Trading Down 2.6% – Here’s Why

HCM Acquisition Corp (NASDAQ:HCMAGet Free Report) shares dropped 2.6% during mid-day trading on Wednesday . The stock traded as low as $10.15 and last traded at $10.29. Approximately 1,742 shares traded hands during trading, a decline of 97% from the average daily volume of 68,548 shares. The stock had previously closed at $10.56.

HCM Acquisition Price Performance

The company’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $10.03.

HCM Acquisition Company Profile

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HCM Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp was incorporated in 2021 and is based in Stamford, Connecticut.

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