Research Alliance Corporation III (NASDAQ:RACC – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.
Research Alliance Corporation III Stock Performance
RACC stock traded up $2.64 during midday trading on Wednesday, reaching $29.30. The stock had a trading volume of 90,929 shares, compared to its average volume of 31,108. Research Alliance Corporation III has a 52-week low of $10.21 and a 52-week high of $33.50. The firm has a fifty day moving average price of $13.41.
Hedge Funds Weigh In On Research Alliance Corporation III
A hedge fund recently bought a new position in Research Alliance Corporation III stock. Great Lakes Advisors LLC acquired a new stake in shares of Research Alliance Corporation III (NASDAQ:RACC – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 264,398 shares of the company’s stock, valued at approximately $24,110,000. Great Lakes Advisors LLC owned approximately 2.91% of Research Alliance Corporation III at the end of the most recent quarter.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Research Alliance Corporation III
Research Alliance Corporation III Company Profile
Research Alliance Corporation III is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Research Alliance Corporation III is based in New York.
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