HCM II Acquisition (NASDAQ:HOND) Sets New 52-Week High – Should You Buy?

Shares of HCM II Acquisition Corp. (NASDAQ:HONDGet Free Report) hit a new 52-week high on Friday . The stock traded as high as $18.18 and last traded at $17.61, with a volume of 603525 shares trading hands. The stock had previously closed at $16.88.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of HCM II Acquisition in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, HCM II Acquisition currently has an average rating of “Sell”.

View Our Latest Analysis on HOND

HCM II Acquisition Stock Performance

The firm has a 50 day moving average price of $12.48 and a two-hundred day moving average price of $11.54.

Institutional Trading of HCM II Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of the stock. North Capital Inc. acquired a new position in shares of HCM II Acquisition in the second quarter worth about $67,000. Patriot Financial Group Insurance Agency LLC acquired a new position in HCM II Acquisition in the 2nd quarter worth approximately $209,000. Mizuho Securities USA LLC purchased a new position in HCM II Acquisition during the 1st quarter worth approximately $271,000. FNY Investment Advisers LLC raised its stake in HCM II Acquisition by 41,400.0% during the 2nd 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 period. Finally, JPMorgan Chase & Co. purchased a new stake in shares of HCM II Acquisition in the second quarter valued at $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.

Further Reading

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