RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.3% Higher – Still a Buy?

RF Acquisition Corp II (NASDAQ:RFAI)’s share price traded up 0.3% on Friday . The company traded as high as $10.85 and last traded at $10.85. 700 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,195 shares. The stock had previously closed at $10.82.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, According to data from MarketBeat, RF Acquisition Corp II presently has a consensus rating of “Sell”.

RF Acquisition Corp II Trading Up 0.3%

The business’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.73.

Institutional Trading of RF Acquisition Corp II

A number of hedge funds have recently bought and sold shares of the stock. Berkley W R Corp boosted its position in RF Acquisition Corp II by 24.2% during the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after acquiring an additional 183,030 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of RF Acquisition Corp II by 36.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 863,687 shares of the company’s stock worth $9,146,000 after purchasing an additional 232,832 shares during the last quarter. Wealthspring Capital LLC boosted its position in RF Acquisition Corp II by 765.6% during the second quarter. Wealthspring Capital LLC now owns 751,000 shares of the company’s stock valued at $7,908,000 after purchasing an additional 664,238 shares in the last quarter. Magnetar Financial LLC purchased a new position in RF Acquisition Corp II in the second quarter valued at about $1,049,000. Finally, Shaolin Capital Management LLC bought a new position in RF Acquisition Corp II in the third quarter worth about $940,000.

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.