Rice Acquisition Corp. (NYSE:RICE) saw unusually large options trading activity on Thursday. Stock investors bought 4,756 call options on the stock. This represents an increase of approximately 1,795% compared to the average daily volume of 251 call options.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NFC Investments LLC bought a new stake in Rice Acquisition during the second quarter worth about $6,075,000. Ancient Art L.P. bought a new stake in Rice Acquisition during the second quarter worth about $25,335,000. Beryl Capital Management LLC bought a new position in shares of Rice Acquisition in the second quarter worth about $485,000. Merewether Investment Management LP lifted its holdings in shares of Rice Acquisition by 182.6% in the second quarter. Merewether Investment Management LP now owns 1,502,830 shares of the oil and gas producer’s stock worth $27,126,000 after acquiring an additional 971,049 shares during the last quarter. Finally, Khrom Capital Management LLC bought a new position in shares of Rice Acquisition in the second quarter worth about $2,150,000. 70.27% of the stock is owned by institutional investors and hedge funds.
Shares of RICE stock traded up $0.20 on Thursday, hitting $18.27. The company’s stock had a trading volume of 234,381 shares, compared to its average volume of 985,872. The stock’s 50 day moving average is $16.79 and its 200-day moving average is $15.12. Rice Acquisition has a fifty-two week low of $9.62 and a fifty-two week high of $19.22.
Rice Acquisition Company Profile
Rice Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Carnegie, Pennsylvania.
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