Range Capital Acquisition (NASDAQ:RANG) Stock Price Up 0.2% – Should You Buy?

Range Capital Acquisition Corp. (NASDAQ:RANG) shares rose 0.2% during trading on Friday . The stock traded as high as $10.50 and last traded at $10.49. Approximately 29,158 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 24,929 shares. The stock had previously closed at $10.47.

Analyst Ratings Changes

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

Range Capital Acquisition Price Performance

The business’s 50-day moving average is $10.43 and its two-hundred day moving average is $10.39.

Institutional Trading of Range Capital Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of RANG. Clear Street LLC boosted its position in Range Capital Acquisition by 978.3% during the second 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 during the last quarter. Clear Street Group Inc. acquired a new position in shares of Range Capital Acquisition during the 3rd quarter worth approximately $72,000. Jane Street Group LLC bought a new stake in shares of Range Capital Acquisition during the 2nd quarter worth approximately $112,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Range Capital Acquisition in the 2nd quarter valued at approximately $188,000. Finally, Moore Capital Management LP acquired a new stake in shares of Range Capital Acquisition in the 2nd quarter valued at approximately $925,000.

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.