HCM II Acquisition Sees Unusually Large Options Volume (NASDAQ:IMSR)

HCM II Acquisition Corp. (NASDAQ:IMSR) was the target of unusually large options trading activity on Monday. Stock investors acquired 13,479 call options on the stock. This represents an increase of approximately 86% compared to the average daily volume of 7,262 call options.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IMSR shares. Wall Street Zen lowered shares of HCM II Acquisition from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Cantor Fitzgerald assumed coverage on shares of HCM II Acquisition in a report on Friday, December 19th. They set an “overweight” rating and a $12.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of HCM II Acquisition in a report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

HCM II Acquisition Trading Up 15.0%

Shares of IMSR traded up $1.41 during trading hours on Monday, reaching $10.78. The company had a trading volume of 4,052,326 shares, compared to its average volume of 5,956,718. HCM II Acquisition has a 12-month low of $5.95 and a 12-month high of $31.50.

HCM II Acquisition Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.