Apollo Management Holdings L.P. lowered its holdings in Rigel Resource Acquisition Corp. (NYSE:RRAC – Get Rating) by 33.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 500,000 shares of the company's stock after selling 250,000 shares during the quarter. Apollo Management Holdings L.P.'s holdings in Rigel Resource Acquisition were worth $4,970,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its position in shares of Rigel Resource Acquisition by 0.4% in the second quarter. Cubist Systematic Strategies LLC now owns 546,540 shares of the company's stock worth $5,433,000 after acquiring an additional 2,070 shares in the last quarter. Royal Bank of Canada increased its position in shares of Rigel Resource Acquisition by 296.0% in the first quarter. Royal Bank of Canada now owns 10,196 shares of the company's stock worth $101,000 after acquiring an additional 7,621 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Rigel Resource Acquisition during the 1st quarter valued at $2,481,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Rigel Resource Acquisition during the 1st quarter valued at $873,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Rigel Resource Acquisition Price Performance

RRAC opened at $10.21 on Friday. The company has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $10.04. Rigel Resource Acquisition Corp. has a twelve month low of $9.75 and a twelve month high of $10.46.

About Rigel Resource Acquisition

Rigel Resource Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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