RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.3% Higher – Still a Buy?

RF Acquisition Corp II (NASDAQ:RFAI)’s stock price rose 0.3% on Friday . The company traded as high as $10.85 and last traded at $10.85. Approximately 700 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 4,195 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

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

RF Acquisition Corp II Trading Up 0.3%

The company’s fifty day moving average price is $10.80 and its 200-day moving average price is $10.73.

Institutional Investors Weigh In On RF Acquisition Corp II

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Street Group Inc. grew its holdings in shares of RF Acquisition Corp II by 4,466.7% during the fourth quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock valued at $99,000 after buying an additional 8,978 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in RF Acquisition Corp II during the 3rd quarter worth about $132,000. Radcliffe Capital Management L.P. acquired a new stake in RF Acquisition Corp II during the 3rd quarter worth about $323,000. Shaolin Capital Management LLC purchased a new stake in RF Acquisition Corp II during the 3rd quarter valued at about $940,000. Finally, Magnetar Financial LLC acquired a new position in shares of RF Acquisition Corp II in the second quarter valued at about $1,049,000.

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.