RF Acquisition Corp II (NASDAQ:RFAI) Shares Up 0.1% – Still a Buy?

RF Acquisition Corp II (NASDAQ:RFAI)’s share price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $11.01 and last traded at $11.02. Approximately 114 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 809 shares. The stock had previously closed at $11.01.

Wall Street Analysts Forecast Growth

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

RF Acquisition Corp II Price Performance

The company’s 50 day moving average is $10.97 and its 200-day moving average is $10.87.

Institutional Trading of RF Acquisition Corp II

Institutional investors have recently bought and sold shares of the company. Clear Street Group Inc. grew its position 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 purchasing an additional 8,978 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in RF Acquisition Corp II during the 3rd quarter valued at about $132,000. Radcliffe Capital Management L.P. purchased a new stake in RF Acquisition Corp II during the 3rd quarter valued at 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, Berkley W R Corp grew its position in RF Acquisition Corp II by 24.2% during the 3rd quarter. Berkley W R Corp now owns 937,845 shares of the company’s stock valued at $10,072,000 after purchasing an additional 183,030 shares during the last quarter.

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.