Cal Redwood Acquisition (NASDAQ:CRAQ) Trading 0.7% Higher – Time to Buy?

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ)’s share price traded up 0.7% during mid-day trading on Monday . The company traded as high as $10.33 and last traded at $10.40. 47,301 shares were traded during trading, an increase of 24% from the average daily volume of 38,208 shares. The stock had previously closed at $10.33.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Cal Redwood Acquisition Trading Up 0.3%

The stock’s 50-day moving average price is $10.32 and its 200-day moving average price is $10.25.

Cal Redwood Acquisition (NASDAQ:CRAQ) last issued its earnings results on Monday, August 17th. The company reported $0.06 EPS for the quarter. The firm had revenue of $2.11 million during the quarter.

Hedge Funds Weigh In On Cal Redwood Acquisition

Large investors have recently modified their holdings of the company. ABC Arbitrage SA acquired a new stake in Cal Redwood Acquisition in the 4th quarter valued at $304,000. Wealthspring Capital LLC lifted its stake in shares of Cal Redwood Acquisition by 469.9% in the fourth quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after buying an additional 364,040 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in shares of Cal Redwood Acquisition in the fourth quarter valued at $507,000. Westchester Capital Management LLC grew its holdings in shares of Cal Redwood Acquisition by 30.0% during the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock valued at $6,617,000 after buying an additional 150,000 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in shares of Cal Redwood Acquisition by 1.6% during the fourth quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock valued at $9,959,000 after buying an additional 15,265 shares during the last quarter.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.