Range Capital Acquisition Corp II (NASDAQ:RNGT) Trading at $10.18

Range Capital Acquisition Corp II (NASDAQ:RNGT)’s stock price traded up 0% on Monday. The stock traded as high as $10.17 and last traded at $10.1750. 25,930 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 26,828 shares. The stock had previously closed at $10.17.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Range Capital Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Range Capital Acquisition Corp II Stock Performance

The stock’s 50-day moving average price is $10.15.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC acquired a new position in Range Capital Acquisition Corp II during the 1st quarter worth about $3,995,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Range Capital Acquisition Corp II during the first quarter worth about $3,000,000. Sona Asset Management US LLC purchased a new position in shares of Range Capital Acquisition Corp II in the first quarter valued at approximately $1,096,000. Lineage Point Capital LP boosted its stake in shares of Range Capital Acquisition Corp II by 200.0% in the second quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after purchasing an additional 490,000 shares during the period. Finally, Harraden Circle Investments LLC grew its holdings in shares of Range Capital Acquisition Corp II by 40.2% in the second quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock valued at $179,000 after purchasing an additional 150,651 shares in the last quarter.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Its potential transaction may take the form of a merger, stock purchase, asset acquisition, reorganization, or similar corporate combination.

Unlike an operating company, Range Capital Acquisition Corp II does not appear to conduct a commercial business or offer products and services to customers. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence, and negotiating a transaction that would allow a private company to become publicly traded.

The company’s filings and public disclosures should be consulted for the latest information regarding its target industry, geographic focus, management team, and any proposed business combination.