Rising Dragon Acquisition Corp. (NASDAQ:RDAC - Get Free Report)'s stock price fell 0.1% during trading on Thursday . The company traded as low as $10.29 and last traded at $10.29. 2,174 shares were traded during mid-day trading, an increase of 359% from the average session volume of 474 shares. The stock had previously closed at $10.30.
Rising Dragon Acquisition Trading Down 0.1%
The company has a fifty day simple moving average of $10.26.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its stake in 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 last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Rising Dragon Acquisition during the 4th quarter valued at about $5,010,000. AQR Arbitrage LLC bought a new stake in Rising Dragon Acquisition in the 4th quarter worth approximately $4,363,000. Toronto Dominion Bank bought a new stake in Rising Dragon Acquisition in the 4th quarter worth approximately $3,769,000. Finally, Westchester Capital Management LLC purchased a new stake in Rising Dragon Acquisition in the fourth quarter worth approximately $3,682,000.
About Rising Dragon Acquisition
(
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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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