RF Acquisition Corp II (NASDAQ:RFAI) Stock Price Up 0.7% – Still a Buy?

RF Acquisition Corp II (NASDAQ:RFAI) shares traded up 0.7% during mid-day trading on Thursday . The company traded as high as $10.88 and last traded at $10.88. 1 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 4,961 shares. The stock had previously closed at $10.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RF Acquisition Corp II in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, RF Acquisition Corp II currently has a consensus rating of “Sell”.

RF Acquisition Corp II Stock Performance

The firm’s 50-day simple moving average is $10.77 and its 200-day simple moving average is $10.69.

Hedge Funds Weigh In On RF Acquisition Corp II

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in RF Acquisition Corp II in the 3rd quarter worth approximately $132,000. Radcliffe Capital Management L.P. bought a new position in shares of RF Acquisition Corp II in the third quarter worth approximately $323,000. Shaolin Capital Management LLC purchased a new position in shares of RF Acquisition Corp II in the third quarter worth $940,000. Magnetar Financial LLC bought a new stake in RF Acquisition Corp II during the 2nd quarter valued at $1,049,000. Finally, Wealthspring Capital LLC boosted its position 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 valued at $7,908,000 after buying an additional 664,238 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.