Shares of Range Capital Acquisition Corp. (NASDAQ:RANG – Get Free Report) traded up 0.2% on Monday. The company traded as high as $10.92 and last traded at $10.94. Approximately 2,327 shares traded hands during mid-day trading, an increase of 244% from the average session volume of 676 shares. The stock had previously closed at $10.92.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Report on Range Capital Acquisition
Range Capital Acquisition Stock Performance
The firm’s 50 day simple moving average is $10.88 and its 200 day simple moving average is $10.67.
Range Capital Acquisition (NASDAQ:RANG – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.
Institutional Trading of Range Capital Acquisition
An institutional investor recently bought a new stake in Range Capital Acquisition stock. Sona Asset Management US LLC acquired a new position in Range Capital Acquisition Corp. (NASDAQ:RANG – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 174,774 shares of the company’s stock, valued at approximately $1,839,000. Sona Asset Management US LLC owned about 1.25% of Range Capital Acquisition at the end of the most recent reporting period.
Range Capital Acquisition Company Profile
Range Capital Acquisition Corp. (NASDAQ:RANG) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Rather than conducting a traditional operating business, the company’s activities center on identifying a potential target and completing a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction.
As a blank-check company, Range Capital Acquisition does not have a portfolio of products or services of its own.
See Also
- Five stocks we like better than Range Capital Acquisition
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Range Capital Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Capital Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
