Rivernorth Capital Management LLC purchased a new stake in shares of RRE Ventures Acquisition Corp. (NASDAQ:RREV – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 99,999 shares of the company’s stock, valued at approximately $993,000.
Separately, Moore Capital Management LP bought a new position in RRE Ventures Acquisition during the 2nd quarter valued at approximately $2,468,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings began coverage on RRE Ventures Acquisition in a report on Tuesday, August 18th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
RRE Ventures Acquisition Stock Performance
Shares of RREV opened at $9.92 on Monday. The company’s fifty day simple moving average is $9.90. RRE Ventures Acquisition Corp. has a 12 month low of $9.86 and a 12 month high of $9.94.
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