Weiss Ratings Reaffirms Sell (D-) Rating for Range Capital Acquisition (NASDAQ:RANG)

Key Points

• Weiss Ratings has reaffirmed a Sell (D-) rating for Range Capital Acquisition, indicating ongoing concerns for the stock's performance.
• On Tuesday, Range Capital Acquisition's shares dropped by 1.2%, closing at $10.60, with a trading volume significantly lower than average.
• Large institutional investors have significantly increased their stakes in Range Capital Acquisition, with Clear Street LLC raising its stake by 978.3% in the second quarter.

Range Capital Acquisition (NASDAQ:RANG - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Range Capital Acquisition Stock Down 1.2%

Shares of RANG stock traded down $0.13 during trading hours on Tuesday, hitting $10.60. 3,443 shares of the company were exchanged, compared to its average volume of 39,129. The business has a 50 day moving average of $10.29 and a two-hundred day moving average of $10.19. Range Capital Acquisition has a 52 week low of $9.91 and a 52 week high of $11.13.

Institutional Investors Weigh In On Range Capital Acquisition

Large investors have recently made changes to their positions in the stock. Clear Street LLC raised its stake in Range Capital Acquisition by 978.3% in the second quarter. Clear Street LLC now owns 7,041 shares of the company's stock valued at $72,000 after buying an additional 6,388 shares during the period. Jane Street Group LLC bought a new position in shares of Range Capital Acquisition in the second quarter valued at about $112,000. Warberg Asset Management LLC acquired a new stake in shares of Range Capital Acquisition during the 1st quarter worth about $187,000. Radcliffe Capital Management L.P. bought a new stake in shares of Range Capital Acquisition during the 2nd quarter worth about $188,000. Finally, Dakota Wealth Management acquired a new position in Range Capital Acquisition in the 1st quarter valued at about $310,000.

About Range Capital Acquisition

Range Capital Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on July 24, 2024 and is headquartered in New York, NY.

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