RF Acquisition Corp II (NASDAQ:RFAI) Trading Up 0.7% – What’s Next?

RF Acquisition Corp II (NASDAQ:RFAI)’s stock price rose 0.7% during trading on Thursday . The stock traded as high as $10.88 and last traded at $10.88. Approximately 1 shares traded hands during trading, a decline of 100% from the average daily volume of 4,961 shares. The stock had previously closed at $10.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of RF Acquisition Corp II in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, RF Acquisition Corp II has a consensus rating of “Sell”.

RF Acquisition Corp II Stock Performance

The stock has a 50-day simple moving average of $10.77 and a 200-day simple moving average of $10.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC raised its holdings in RF Acquisition Corp II by 36.9% during the second 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 in the last quarter. Berkley W R Corp lifted its holdings in shares of 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 valued at $7,948,000 after buying an additional 202,061 shares during the period. Wealthspring Capital LLC boosted its stake 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 buying an additional 664,238 shares in the last quarter. Magnetar Financial LLC acquired a new position in RF Acquisition Corp II during the second quarter worth about $1,049,000. Finally, Susquehanna International Group LLP bought a new stake in RF Acquisition Corp II in the third quarter worth about $132,000.

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.