Cloopen Group Holding Stock News

LOS ANGELES--(BUSINESS WIRE)---- $RAAS #investors--The Law Offices of Frank R. Cruz Announces Investigation of Cloopen Group Holding Limited (RAAS) on Behalf of Investors

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / December 13, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE:RAAS) and certain of its officers, on behalf of shareholders who (a) purchased or otherwise acquired Cloopen American Depositary Shares ("ADSs") pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company''s February 2021 initial public offering (the "IPO"); and/or (b) purchased or otherwise acquired Cloopen securities during the Class Period. Such investors are encouraged to join this ..

In today’s recent session, 1.52 million shares of the Cloopen Group Holding Limited (NYSE:RAAS) were traded. Most recently the company’s share price was $3.25, and it changed around $0.08 or 2.55% from the last close, which brings the market valuation of the company to $673.56M. RAAS at last check was trading at a discount to … Let’s Discuss The Cloopen Group Holding Limited (NYSE: RAAS) Stock Forecast. Read More »

BEIJING, Dec. 13, 2021 /PRNewswire/ -- On December 13th, Cloopen (NYSE: RAAS), China''s leading multi-capability cloud-based communications solution provider, announced the wholly-owned acquisition of Zhuge Inc. ("Zhuge"), a new generation of user-centric intelligent data solution provider.

SAN DIEGO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Cloopen Group Holding Limited (NYSE: RAAS) shares. Investors who purchased in excess of $200,000 in shares of Cloopen Group Holding Limited (NYSE: RAAS) have certain options and there are short and strict deadlines running. Deadline: February 8, 2022. Those NYSE: RAAS investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. On December 10, 2021, a lawsuit was filed against Cloopen Group Holding Limited over alleged securities laws violations. The plaintiff alleges that the Registration Statement that was filed in connection with the Company''s February 2021 the initial public offering (IPO) failed to disclose that, Cloopen Group Holding Limited ''s growth strategy was allegedly not working, and its existing customers were abandoning the Company. The plaintiff further alleges that the Registration Statement failed to disclose that an increasing number of Cloopen Group Holding Limited ''s customers were refusing to pay, forcing the Company to record massive increases in its accounts receivables and allowance for doubtful accounts, and that the Registration Statement also allegedly failed to disclose that Cloopen Group Holding Limited was weighed down by huge liabilities related to the fair value of certain recently-granted warrants.

BEIJING , Dec. 13, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China , today announced that it has entered into a definitive agreement to acquire the entire equity interests of Zhuge Inc. ("Zhuge"), a user-centric intelligent data solution provider, for a mix of cash and shares consideration. The shares issued will account for less than 1% of the Company''s outstanding share capital on a fully-diluted basis. The shares will be issued under a private placement pursuant to an exemption or exclusion from the registration requirements under the Securities Act of 1933, as amended. The transaction is expected to be completed in December 2021 , subject to customary closing conditions. There is no assurance that the transaction will be completed within the anticipated timeframe, or at all. Shareholders are cautioned not to place undue reliance on this announcement. Mr. Changxun Sun, the Company''s Founder, Chairman of Board of Directors and Chief Executive Officer, commented, "We are thrilled to welcome Zhuge to our group.

Here's three penny stocks for your end of 2021 watchlist The post 3 ‘Must Watch' Penny Stocks For Your Year End Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennySt

Gainers Del Taco Restaurants, Inc. (NASDAQ: TACO ) shares jumped 64.6% to $12.40. Jack In The Box Inc (NASDAQ: JACK ) agreed to acquire Del Taco Restaurants for $12.51 per share in cash in a deal valued at about $575 million. BuzzFeed (NASDAQ: BZFD) surged 37.2% to $13.20. The company has called itself "the first publicly traded purely digital media company." Buzzfeed started trading on the Nasdaq today. Insignia Systems, Inc. (NASDAQ: ISIG ) gained 31.5% to $6.59 after the company reported review of strategic alternatives. Adicet Bio, Inc. (NASDAQ: ACET ) shares climbed 28.2% to $12.56 after the company announced interim data from its dose escalation Phase 1 study evaluating the safety and tolerability of ADI-001. Cloopen Group Holding Limited (NYSE: RAAS ) gained 23% to $3.3174. Sunlands Technology Group (NYSE: STG ) jumped 18.2% to $3.7850. Sunlands Technology announced that its Board has approved a share repurchase program to repurchase up to $15 million of its Class A ordinary shares.

Cloopen Group Holding Limited (NYSE:RAAS)s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.14 and last traded at $3.20, with a volume of 12787 shares traded. The stock had previously closed at $3.49. The company has a 50 day moving average price of $4.11 []

Cloopen Group Holding Limited (NYSE:RAAS)s share price reached a new 52-week low during trading on Friday . The stock traded as low as $3.14 and last traded at $3.20, with a volume of 12787 shares traded. The stock had previously closed at $3.49. The company has a 50-day moving average of $4.11 and a 200 []

Cloopen Group Holding Limited (NYSE:RAAS)s stock price was down 7.3% on Monday . The company traded as low as $3.94 and last traded at $4.04. Approximately 7,939 shares changed hands during trading, a decline of 99% from the average daily volume of 1,519,143 shares. The stock had previously closed at $4.36. The firm has a []

Check these tech penny stocks out for your end of November watchlist The post 3 Tech Penny Stocks to Watch At the End of November 2021 appeared first on Penny Stocks to Buy, Picks, News and Informatio

Cloopen Group Holding Limited (NYSE:RAAS) was the recipient of a large growth in short interest in the month of October. As of October 29th, there was short interest totalling 1,310,000 shares, a growth of 50.3% from the October 14th total of 871,400 shares. Based on an average daily trading volume, of 1,530,000 shares, the short-interest []

Cloopen Group Holding Limited (NYSE:RAAS) saw a large increase in short interest in October. As of October 29th, there was short interest totalling 1,310,000 shares, an increase of 50.3% from the October 14th total of 871,400 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 0.9 days. A []

A better question might be: Why did Cloopen stock go up at all Thursday?