Rising Dragon Acquisition (NASDAQ:RDAC – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.04 EPS for the quarter, FiscalAI reports.
Rising Dragon Acquisition Stock Performance
RDAC opened at $6.24 on Friday. Rising Dragon Acquisition has a fifty-two week low of $4.59 and a fifty-two week high of $23.99. The company’s 50-day moving average is $6.13 and its 200 day moving average is $6.45.
Institutional Trading of Rising Dragon Acquisition
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in Rising Dragon Acquisition by 147.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 140,300 shares of the company’s stock valued at $1,430,000 after acquiring an additional 83,700 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Rising Dragon Acquisition in the 3rd quarter worth $520,000. Finally, Clear Street Group Inc. grew its stake in shares of Rising Dragon Acquisition by 281.7% in the 4th quarter. Clear Street Group Inc. now owns 32,305 shares of the company’s stock worth $337,000 after acquiring an additional 23,842 shares in the last quarter.
Wall Street Analyst Weigh In
View Our Latest Research Report on RDAC
About Rising Dragon Acquisition
Rising Dragon Acquisition Corp (NASDAQ: RDAC) is a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands in November 2020 to pursue a merger, share exchange, asset acquisition or other business combination. The company held its initial public offering in February 2021, raising funds aimed at financing acquisitions and related transaction expenses.
Rising Dragon Acquisition focuses on identifying high-growth opportunities in Asia, targeting sectors such as technology, media, telecommunications, healthcare and consumer products.
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