Crown Reserve Acquisition Corp. I (NASDAQ:CRAC – Get Free Report)’s stock price shot up 0.1% during mid-day trading on Friday. The company traded as high as $10.28 and last traded at $10.2750. 13,329 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 39,275 shares. The stock had previously closed at $10.26.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Crown Reserve Acquisition Corp. I currently has an average rating of “Sell”.
Read Our Latest Research Report on Crown Reserve Acquisition Corp. I
Crown Reserve Acquisition Corp. I Stock Up 0.1%
The stock has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $10.11.
Crown Reserve Acquisition Corp. I (NASDAQ:CRAC – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Crown Reserve Acquisition Corp. I
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC acquired a new position in Crown Reserve Acquisition Corp. I during the first quarter worth approximately $2,619,000. Berkley W R Corp boosted its stake in Crown Reserve Acquisition Corp. I by 93.5% during the 1st quarter. Berkley W R Corp now owns 451,723 shares of the company’s stock worth $4,522,000 after purchasing an additional 218,227 shares during the period. Finally, Sona Asset Management US LLC purchased a new position in Crown Reserve Acquisition Corp. I during the 1st quarter worth $2,002,000.
Crown Reserve Acquisition Corp. I Company Profile
Crown Reserve Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with an operating company. Rather than conducting commercial operations of its own, the company’s primary objective is to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition or similar transaction.
Until it completes a business combination, Crown Reserve Acquisition Corp.
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