Rivernorth Capital Management LLC purchased a new stake in shares of Future Money Acquisition Corporation (NASDAQ:FMAC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 390,000 shares of the company’s stock, valued at approximately $3,916,000. Rivernorth Capital Management LLC owned about 0.75% of Future Money Acquisition as of its most recent SEC filing.
Future Money Acquisition Stock Performance
NASDAQ:FMAC opened at $10.08 on Monday. The stock’s 50-day moving average is $10.01. Future Money Acquisition Corporation has a 52-week low of $9.90 and a 52-week high of $10.08.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on Future Money Acquisition in a report on Wednesday, August 12th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Future Money Acquisition currently has a consensus rating of “Sell”.
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