RF Acquisition Corp II (NASDAQ:RFAI) Stock Price Down 0.2% – Time to Sell?

Shares of RF Acquisition Corp II (NASDAQ:RFAI) traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as $10.78 and last traded at $10.73. 1,083 shares traded hands during trading, a decline of 77% from the average session volume of 4,786 shares. The stock had previously closed at $10.75.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RF Acquisition Corp II in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

RF Acquisition Corp II Price Performance

The business’s 50-day simple moving average is $10.75 and its two-hundred day simple moving average is $10.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RFAI. Susquehanna International Group LLP acquired a new position in RF Acquisition Corp II in the third quarter valued at approximately $132,000. Radcliffe Capital Management L.P. bought a new stake in shares of RF Acquisition Corp II in the 3rd quarter worth approximately $323,000. Shaolin Capital Management LLC acquired a new position in RF Acquisition Corp II during the 3rd quarter valued at approximately $940,000. Magnetar Financial LLC bought a new position in RF Acquisition Corp II during the 2nd quarter worth $1,049,000. Finally, Wealthspring Capital LLC grew its stake in RF Acquisition Corp II by 765.6% during 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 during the last quarter.

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.