Rising Dragon Acquisition’s (RDAC) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Rising Dragon Acquisition (NASDAQ:RDAC) in a research report released on Wednesday,Weiss Ratings reports.

Rising Dragon Acquisition Price Performance

Shares of NASDAQ:RDAC opened at $10.44 on Wednesday. Rising Dragon Acquisition has a 52 week low of $9.99 and a 52 week high of $10.47. The firm has a 50 day moving average of $10.39 and a 200 day moving average of $10.30.

Hedge Funds Weigh In On Rising Dragon Acquisition

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Rising Dragon Acquisition by 147.9% during the first quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock worth $1,430,000 after purchasing an additional 83,700 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Rising Dragon Acquisition by 12.7% during the first quarter. Wolverine Asset Management LLC now owns 174,726 shares of the company’s stock worth $1,780,000 after purchasing an additional 19,726 shares in the last quarter. Berkley W R Corp acquired a new position in shares of Rising Dragon Acquisition during the second quarter worth $2,366,000. Finally, Mizuho Securities USA LLC increased its position in shares of Rising Dragon Acquisition by 0.4% during the first quarter. Mizuho Securities USA LLC now owns 580,088 shares of the company’s stock worth $5,870,000 after purchasing an additional 2,128 shares in the last quarter.

Rising Dragon Acquisition Company Profile

Rising Dragon Acquisition Corp. is a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was founded on March 8, 2024 and is headquartered in Taiyuan, China.