Range Capital Acquisition (NASDAQ:RANG) Trading Up 0% - What's Next?

Key Points

• Trading update: RANG was flat midday at $10.575 (intraday high $10.58) while volume surged to ~212,100 shares, a 1,317% increase over its average daily volume.
• Analyst sentiment: Weiss Ratings reaffirmed a "sell (d-)" and MarketBeat shows the stock's average analyst rating as Sell.
• Company profile: Range Capital Acquisition is a blank‑check SPAC sponsored by Range Capital Partners and currently has no operating business while it seeks a merger or similar combination.

Range Capital Acquisition Corp. (NASDAQ:RANG - Get Free Report) was up 0% during mid-day trading on Thursday . The stock traded as high as $10.58 and last traded at $10.5750. Approximately 212,100 shares traded hands during trading, an increase of 1,317% from the average daily volume of 14,970 shares. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Range Capital Acquisition in a research report on Friday, January 9th. One equities research 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 Price Performance

The company's fifty day simple moving average is $10.51 and its 200 day simple moving average is $10.48.

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

Hedge Funds Weigh In On Range Capital Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Group Inc. acquired a new position in shares of Range Capital Acquisition in the third quarter valued at $72,000. Glazer Capital LLC acquired a new position in shares of Range Capital Acquisition in the fourth quarter valued at $104,000. Jane Street Group LLC acquired a new position in shares of Range Capital Acquisition in the second quarter valued at $112,000. Radcliffe Capital Management L.P. acquired a new position in shares of Range Capital Acquisition in the second quarter valued at $188,000. Finally, Virtu Financial LLC acquired a new position in shares of Range Capital Acquisition in the fourth quarter valued at $444,000.

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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