Wolverine Asset Management LLC Acquires 17,521 Shares of Rising Dragon Acquisition Corp. $RDAC

Wolverine Asset Management LLC raised its holdings in shares of Rising Dragon Acquisition Corp. (NASDAQ:RDAC) by 10.0% during the second quarter, HoldingsChannel reports. The fund owned 192,247 shares of the company’s stock after purchasing an additional 17,521 shares during the quarter. Wolverine Asset Management LLC’s holdings in Rising Dragon Acquisition were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Goldman Sachs Group Inc. raised its holdings 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 during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Rising Dragon Acquisition in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Rising Dragon Acquisition Stock Up 0.1%

Rising Dragon Acquisition stock opened at $10.47 on Friday. Rising Dragon Acquisition Corp. has a fifty-two week low of $9.99 and a fifty-two week high of $13.30. The firm’s fifty day moving average price is $10.44 and its 200-day moving average price is $10.34.

Rising Dragon Acquisition Profile

Rising Dragon Acquisition Corp. is a blank check company. It was formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company was founded on March 8, 2024 and is headquartered in Taiyuan, China.