Range Capital Acquisition (NASDAQ:RANG) Shares Up 0.2% – Here’s What Happened

Shares of Range Capital Acquisition Corp. (NASDAQ:RANG) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $10.61 and last traded at $10.6150. 15,366 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 74,583 shares. The stock had previously closed at $10.59.

Range Capital Acquisition Price Performance

The business has a 50-day moving average price of $10.59 and a 200-day moving average price of $10.50.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Berkley W R Corp lifted its holdings in Range Capital Acquisition by 0.9% in the first quarter. Berkley W R Corp now owns 577,081 shares of the company’s stock valued at $6,074,000 after acquiring an additional 5,021 shares during the last quarter. Clear Street Group Inc. acquired a new position in Range Capital Acquisition in the third quarter valued at approximately $72,000. Radcliffe Capital Management L.P. lifted its stake in Range Capital Acquisition by 39.8% during the third quarter. Radcliffe Capital Management L.P. now owns 25,706 shares of the company’s stock worth $267,000 after purchasing an additional 7,316 shares in the last quarter. Glazer Capital LLC acquired a new position in Range Capital Acquisition during the fourth quarter worth $104,000. Finally, Jane Street Group LLC acquired a new position in Range Capital Acquisition during the second quarter worth $112,000.

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.