Range Capital Acquisition Corp II (NASDAQ:RNGT) Trading at $10.18

Key Points

• Range Capital Acquisition Corp II shares were essentially flat at about $10.18 in mid-day trading, with roughly 25,930 shares changing hands—3% below average volume.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock from “sell (e+)” to “sell (d-),” while the sole analyst covering the company maintains a Sell rating.
• The SPAC reported quarterly EPS of $0.06, while several institutional investors—including Rivernorth Capital Management and Healthcare of Ontario Pension Plan—established or increased positions.

Range Capital Acquisition Corp II (NASDAQ:RNGT - Get Free Report)'s share price was up 0% during mid-day trading on Monday. The company traded as high as $10.17 and last traded at $10.1750. Approximately 25,930 shares were traded during trading, a decline of 3% from the average session volume of 26,828 shares. The stock had previously closed at $10.17.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Range Capital Acquisition Corp II from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Range Capital Acquisition Corp II Stock Up 0.0%

The company has a fifty day moving average of $10.15.

Range Capital Acquisition Corp II (NASDAQ:RNGT - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition Corp II during the 1st quarter valued at about $1,096,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Range Capital Acquisition Corp II during the first quarter worth about $3,000,000. Rivernorth Capital Management LLC purchased a new position in Range Capital Acquisition Corp II during the first quarter worth about $3,995,000. Harraden Circle Investments LLC raised its stake in Range Capital Acquisition Corp II by 40.2% during the second quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company's stock worth $179,000 after purchasing an additional 150,651 shares during the period. Finally, Lineage Point Capital LP boosted its holdings in Range Capital Acquisition Corp II by 200.0% in the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company's stock valued at $250,000 after purchasing an additional 490,000 shares during the last quarter.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Its potential transaction may take the form of a merger, stock purchase, asset acquisition, reorganization, or similar corporate combination.

Unlike an operating company, Range Capital Acquisition Corp II does not appear to conduct a commercial business or offer products and services to customers. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence, and negotiating a transaction that would allow a private company to become publicly traded.

The company's filings and public disclosures should be consulted for the latest information regarding its target industry, geographic focus, management team, and any proposed business combination.

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