Range Capital Acquisition (NASDAQ:RANG) Shares Up 0.1% - What's Next?

Key Points

• Shares traded up 0.1% to $10.52 (high $10.53) on volume of 38,554 shares — a 521% jump versus average — and are trading essentially at their 50‑day ($10.48) and 200‑day ($10.45) moving averages.
• Weiss Ratings reissued a sell (D‑) rating and MarketBeat’s consensus rating for the stock is Sell.
• Range Capital is a blank‑check SPAC sponsored by Range Capital Partners (no operating business); it reported $0.06 EPS last quarter and several hedge funds (including Clear Street, Jane Street, Glazer Capital and Radcliffe) have recently built or increased positions.

Range Capital Acquisition Corp. (NASDAQ:RANG - Get Free Report)'s share price traded up 0.1% on Monday . The stock traded as high as $10.53 and last traded at $10.52. 38,554 shares were traded during mid-day trading, an increase of 521% from the average session volume of 6,211 shares. The stock had previously closed at $10.51.

Analyst Ratings Changes

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

Range Capital Acquisition Price Performance

The firm's 50-day moving average is $10.48 and its 200 day moving average is $10.45.

Range Capital Acquisition (NASDAQ:RANG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $0.06 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in RANG. Clear Street LLC increased its position in Range Capital Acquisition by 978.3% in the 2nd quarter. Clear Street LLC now owns 7,041 shares of the company's stock valued at $72,000 after acquiring an additional 6,388 shares during the period. Clear Street Group Inc. purchased a new stake in Range Capital Acquisition during the 3rd quarter valued at approximately $72,000. Glazer Capital LLC acquired a new stake in Range Capital Acquisition during the 4th quarter worth approximately $104,000. Jane Street Group LLC acquired a new stake in Range Capital Acquisition during the 2nd quarter worth approximately $112,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Range Capital Acquisition in the 2nd quarter valued at approximately $188,000.

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.

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