Cal Redwood Acquisition (NASDAQ:CRAQ) Trading 0.2% Higher – Here’s Why

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ)’s stock price was up 0.2% during trading on Thursday . The company traded as high as $10.19 and last traded at $10.19. Approximately 509,201 shares were traded during mid-day trading, an increase of 457% from the average daily volume of 91,364 shares. The stock had previously closed at $10.17.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Cal Redwood Acquisition in a report on Monday, January 26th. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Cal Redwood Acquisition Stock Performance

Institutional Trading of Cal Redwood Acquisition

Several hedge funds have recently modified their holdings of CRAQ. Verition Fund Management LLC lifted its holdings in Cal Redwood Acquisition by 1.6% during the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after buying an additional 15,265 shares in the last quarter. Millennium Management LLC increased its stake in shares of Cal Redwood Acquisition by 15.5% in the 4th quarter. Millennium Management LLC now owns 808,737 shares of the company’s stock valued at $8,201,000 after buying an additional 108,737 shares during the period. Westchester Capital Management LLC raised its position in shares of Cal Redwood Acquisition by 30.0% during the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock worth $6,617,000 after acquiring an additional 150,000 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Cal Redwood Acquisition during the fourth quarter valued at $4,072,000. Finally, Rivernorth Capital Management LLC boosted its holdings in Cal Redwood Acquisition by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,015,000 after acquiring an additional 100,000 shares during the last quarter.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.