Range Capital Acquisition (NASDAQ:RANG) Stock Price Down 0.1% – What’s Next?

Range Capital Acquisition Corp. (NASDAQ:RANG) shares traded down 0.1% during trading on Tuesday . The stock traded as low as $10.46 and last traded at $10.46. 57,926 shares changed hands during trading, an increase of 182% from the average session volume of 20,534 shares. The stock had previously closed at $10.47.

Wall Street Analyst Weigh In

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

Range Capital Acquisition Trading Down 0.1%

The stock’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $10.41.

Hedge Funds Weigh In On Range Capital Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of RANG. Wolverine Asset Management LLC lifted its position in shares of Range Capital Acquisition by 12.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 815,626 shares of the company’s stock worth $8,319,000 after buying an additional 93,412 shares during the last quarter. Magnetar Financial LLC acquired a new position in Range Capital Acquisition during the second quarter worth about $8,192,000. Wealthspring Capital LLC raised its stake in Range Capital Acquisition by 339.1% during the second quarter. Wealthspring Capital LLC now owns 680,922 shares of the company’s stock worth $6,945,000 after acquiring an additional 525,842 shares in the last quarter. Berkley W R Corp lifted its holdings in shares of Range Capital Acquisition by 21.1% in the second quarter. Berkley W R Corp now owns 572,060 shares of the company’s stock worth $5,835,000 after acquiring an additional 99,680 shares during the last quarter. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Range Capital Acquisition by 28.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock valued at $4,166,000 after purchasing an additional 88,836 shares in the last quarter.

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.