RF 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
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.
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