Context Capital Management LLC Makes New Investment in Cal Redwood Acquisition Corp. $CRAQ

Context Capital Management LLC bought a new stake in Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) in the 3rd quarter, Holdings Channel.com reports. The fund bought 300,000 shares of the company’s stock, valued at approximately $3,120,000.

Separately, Sona Asset Management US LLC purchased a new position in Cal Redwood Acquisition during the first quarter worth about $3,086,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Cal Redwood Acquisition currently has an average rating of “Sell”.

Cal Redwood Acquisition Stock Up 0.1%

NASDAQ CRAQ opened at $10.46 on Wednesday. Cal Redwood Acquisition Corp. has a 1-year low of $10.08 and a 1-year high of $10.45. The business’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.29.

Cal Redwood Acquisition (NASDAQ:CRAQ) last posted its earnings results on Monday, August 17th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.11 million for the quarter.

Cal Redwood Acquisition Company Profile

Cal Redwood Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a merger, stock purchase, asset acquisition, reorganization, or similar business combination with one or more operating businesses. As a blank-check company, Cal Redwood does not have significant operating activities, products, or services of its own. Its business is focused on identifying and completing a suitable transaction. Until it completes a business combination, the company’s operations are primarily related to evaluating potential acquisition targets and meeting its obligations as a publicly traded company.