Crane Harbor Acquisition Corp. II $CRAN Shares Newly Bought by Wealthspring Capital LLC

Wealthspring Capital LLC bought a new position in shares of Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 497,000 shares of the company’s stock, valued at approximately $5,020,000. Crane Harbor Acquisition Corp. II makes up 1.1% of Wealthspring Capital LLC’s investment portfolio, making the stock its 27th largest position. Wealthspring Capital LLC owned approximately 1.40% of Crane Harbor Acquisition Corp. II at the end of the most recent reporting period.

Separately, StoneX Group Inc. acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the third quarter valued at approximately $1,557,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Crane Harbor Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Crane Harbor Acquisition Corp. II presently has an average rating of “Sell”.

Crane Harbor Acquisition Corp. II Stock Performance

CRAN stock opened at $10.12 on Monday. Crane Harbor Acquisition Corp. II has a twelve month low of $9.13 and a twelve month high of $10.21. The business has a fifty day moving average of $10.12 and a 200-day moving average of $10.07.

About Crane Harbor Acquisition Corp. II

Crane Harbor Acquisition Corp. II is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. Its potential transaction could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

As a SPAC, Crane Harbor Acquisition Corp. II does not currently operate a commercial business or offer products and services to customers. Before completing a business combination, its principal activities generally consist of evaluating potential acquisition targets, conducting due diligence and pursuing the transaction process.

The company’s ultimate industry focus, geographic scope and post-transaction operating activities depend on the target it selects.