Rising Dragon Acquisition Corp. (NASDAQ:RDAC - Get Free Report)'s share price traded down 0.1% during mid-day trading on Thursday . The company traded as low as $10.29 and last traded at $10.29. 2,174 shares traded hands during trading, an increase of 359% from the average session volume of 474 shares. The stock had previously closed at $10.30.
Rising Dragon Acquisition Stock Down 0.1%
The firm has a fifty day moving average of $10.26.
Hedge Funds Weigh In On Rising Dragon Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of RDAC. Mizuho Securities USA LLC raised its position in shares of Rising Dragon Acquisition by 0.4% during the first quarter. Mizuho Securities USA LLC now owns 580,088 shares of the company's stock worth $5,870,000 after purchasing an additional 2,128 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Rising Dragon Acquisition during the fourth quarter worth approximately $5,010,000. AQR Arbitrage LLC acquired a new position in shares of Rising Dragon Acquisition during the fourth quarter worth approximately $4,363,000. Toronto Dominion Bank acquired a new position in shares of Rising Dragon Acquisition during the fourth quarter worth approximately $3,769,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Rising Dragon Acquisition during the fourth quarter worth approximately $3,682,000.
Rising Dragon Acquisition Company Profile
(
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Rising Dragon Acquisition Corp. is a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was founded on March 8, 2024 and is headquartered in Taiyuan, China.
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