Shares of RF Acquisition Corp II (NASDAQ:RFAIU – Get Free Report) traded down 15.3% during mid-day trading on Thursday. The company traded as low as $34.11 and last traded at $38.69. Approximately 7,797 shares changed hands during trading, an increase of 180% from the average daily volume of 2,784 shares. The stock had previously closed at $45.70.
RF Acquisition Corp II Price Performance
The company has a 50-day moving average price of $32.18 and a 200-day moving average price of $18.36.
About RF Acquisition Corp II
RF Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction could take the form of a merger, share exchange, asset acquisition, or similar business combination.
As a blank-check company, RF Acquisition Corp. II does not operate a commercial business or offer products and services of its own. Its activities are primarily focused on raising capital through its securities offering, evaluating potential acquisition targets, and pursuing an initial business combination.
The company’s units trade under the symbol RFAIU on the Nasdaq Stock Market.
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