RF Acquisition Corp II (NASDAQ:RFAI) Stock Price Up 0.7% – Should You Buy?

RF Acquisition Corp II (NASDAQ:RFAI) shares traded up 0.7% during mid-day trading on Thursday . The company traded as high as $10.88 and last traded at $10.88. 1 shares traded hands during trading, a decline of 100% from the average session volume of 4,961 shares. The stock had previously closed at $10.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RF Acquisition Corp II in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

RF Acquisition Corp II Stock Up 0.7%

The business has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $10.69.

Institutional Investors Weigh In On RF Acquisition Corp II

Hedge funds have recently bought and sold shares of the stock. Wealthspring Capital LLC grew its stake in RF Acquisition Corp II by 765.6% in the 2nd quarter. Wealthspring Capital LLC now owns 751,000 shares of the company’s stock worth $7,908,000 after buying an additional 664,238 shares in the last quarter. Wolverine Asset Management LLC grew its position in RF Acquisition Corp II by 36.9% in the second quarter. Wolverine Asset Management LLC now owns 863,687 shares of the company’s stock worth $9,146,000 after acquiring an additional 232,832 shares in the last quarter. Berkley W R Corp grew its position in RF Acquisition Corp II by 36.6% in the second quarter. Berkley W R Corp now owns 754,815 shares of the company’s stock worth $7,948,000 after acquiring an additional 202,061 shares in the last quarter. Magnetar Financial LLC bought a new position in RF Acquisition Corp II in the second quarter valued at $1,049,000. Finally, Shaolin Capital Management LLC purchased a new stake in RF Acquisition Corp II during the third quarter valued at about $940,000.

About RF Acquisition Corp II

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.