RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.2% Higher – Should You Buy?

RF Acquisition Corp II (NASDAQ:RFAI)’s stock price rose 0.2% on Friday . The company traded as high as $11.03 and last traded at $11.05. 119 shares changed hands during trading, a decline of 89% from the average daily volume of 1,098 shares. The stock had previously closed at $11.03.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of RF Acquisition Corp II in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RF Acquisition Corp II currently has an average rating of “Sell”.

RF Acquisition Corp II Stock Up 0.2%

The firm has a 50 day moving average of $10.98 and a two-hundred day moving average of $10.89.

Institutional Trading of RF Acquisition Corp II

Several large investors have recently bought and sold shares of the company. Radcliffe Capital Management L.P. acquired a new position in shares of RF Acquisition Corp II during the 3rd quarter worth $323,000. Shaolin Capital Management LLC purchased a new stake in shares of RF Acquisition Corp II in the 3rd quarter worth about $940,000. Berkley W R Corp grew its stake in RF Acquisition Corp II by 24.2% in the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after acquiring an additional 183,030 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in RF Acquisition Corp II in the 3rd quarter valued at about $132,000. Finally, Clear Street Group Inc. increased its holdings in RF Acquisition Corp II by 4,466.7% during the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock valued at $99,000 after acquiring an additional 8,978 shares in 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.