Rivernorth Capital Management LLC Takes Position in Future Money Acquisition Corporation $FMAC

Rivernorth Capital Management LLC purchased a new stake in Future Money Acquisition Corporation (NASDAQ:FMACFree Report) in the second quarter, Holdings Channel.com reports. The firm purchased 390,000 shares of the company’s stock, valued at approximately $3,916,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Future Money Acquisition in a research report on Wednesday, August 12th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

View Our Latest Report on FMAC

Future Money Acquisition Price Performance

FMAC opened at $10.08 on Monday. The business’s 50 day simple moving average is $10.01. Future Money Acquisition Corporation has a fifty-two week low of $9.90 and a fifty-two week high of $10.08.

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