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

Range Capital Acquisition Corp. (NASDAQ:RANG)’s share price shot up 0.1% during trading on Monday . The company traded as high as $10.53 and last traded at $10.52. 38,554 shares traded hands during trading, an increase of 521% from the average session volume of 6,211 shares. The stock had previously closed at $10.51.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Range Capital Acquisition in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Range Capital Acquisition has a consensus rating of “Sell”.

Range Capital Acquisition Stock Up 0.8%

The stock’s fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $10.46.

Range Capital Acquisition (NASDAQ:RANG) last issued its earnings results on Tuesday, March 24th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition

A number of large investors have recently modified their holdings of the company. Clear Street LLC lifted its stake in shares of Range Capital Acquisition by 978.3% in the 2nd quarter. Clear Street LLC now owns 7,041 shares of the company’s stock valued at $72,000 after purchasing an additional 6,388 shares in the last quarter. Karpus Management Inc. grew its stake in Range Capital Acquisition by 24.6% during the second quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock worth $3,008,000 after buying an additional 58,171 shares during the period. Whitebox Advisors LLC purchased a new stake in Range Capital Acquisition during the second quarter worth approximately $2,550,000. Jane Street Group LLC acquired a new stake in shares of Range Capital Acquisition in the second quarter worth $112,000. Finally, Berkley W R Corp raised its stake in shares of Range Capital Acquisition by 21.1% in the 2nd quarter. Berkley W R Corp now owns 572,060 shares of the company’s stock valued at $5,835,000 after acquiring an additional 99,680 shares during the period.

About Range Capital Acquisition

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.