RF Acquisition Corp II (NASDAQ:RFAI) Stock Price Up 0.1% – What’s Next?
by Michael Walen · The Markets DailyRF Acquisition Corp II (NASDAQ:RFAI – Get Free Report)’s share price rose 0.1% during trading on Thursday . The company traded as high as $11.01 and last traded at $11.02. Approximately 114 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 809 shares. The stock had previously closed at $11.01.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of RF Acquisition Corp II in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, RF Acquisition Corp II presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on RFAI
RF Acquisition Corp II Price Performance
The firm has a 50-day moving average of $10.97 and a 200-day moving average of $10.87.
Hedge Funds Weigh In On RF Acquisition Corp II
Several hedge funds have recently made changes to their positions in RFAI. Radcliffe Capital Management L.P. acquired a new position in shares of RF Acquisition Corp II in the 3rd quarter valued at $323,000. Shaolin Capital Management LLC acquired a new stake in shares of RF Acquisition Corp II in the third quarter worth $940,000. Berkley W R Corp increased its stake in shares of RF Acquisition Corp II by 24.2% in the third quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock worth $10,072,000 after acquiring an additional 183,030 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of RF Acquisition Corp II in the third quarter worth $132,000. Finally, Clear Street Group Inc. increased its stake in shares of RF Acquisition Corp II by 4,466.7% in the fourth quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after acquiring an additional 8,978 shares during the period.
RF Acquisition Corp II Company Profile
RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.