Range Capital Acquisition (NASDAQ:RANG) Stock Price Up 0.1% – Here’s What Happened

Range Capital Acquisition Corp. (NASDAQ:RANG)’s share price traded up 0.1% on Monday . The stock traded as high as $10.69 and last traded at $10.6980. 2,628 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 2,322 shares. The stock had previously closed at $10.69.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Range Capital Acquisition in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Range Capital Acquisition currently has a consensus rating of “Sell”.

Range Capital Acquisition Trading Up 0.1%

The stock’s 50-day simple moving average is $10.63 and its two-hundred day simple moving average is $10.55.

Range Capital Acquisition (NASDAQ:RANG) last announced its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition

A number of hedge funds have recently made changes to their positions in RANG. Berkley W R Corp boosted its stake in Range Capital Acquisition by 0.9% during the 1st quarter. Berkley W R Corp now owns 577,081 shares of the company’s stock worth $6,074,000 after purchasing an additional 5,021 shares during the last quarter. Clear Street Group Inc. purchased a new position in shares of Range Capital Acquisition in the third quarter worth about $72,000. Glazer Capital LLC acquired a new position in Range Capital Acquisition during the fourth quarter worth about $104,000. Jane Street Group LLC purchased a new stake in Range Capital Acquisition during the 2nd quarter valued at about $112,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in Range Capital Acquisition during the 2nd quarter valued at about $188,000.

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.