RF Acquisition Corp II (NASDAQ:RFAI) Shares Up 0.2% - What's Next?

Key Points

• Shares of RF Acquisition Corp II were up 0.2% on Tuesday, last trading at $10.9240 after a high of $10.90, but volume was very light at 1,706 shares (down 97% vs. average).
• Analyst coverage is negative — Weiss Ratings reiterated a "sell (d)" and the stock's average rating on MarketBeat is currently Sell.
• RF Acquisition Corp II is a blank check company (SPAC) founded Feb. 5, 2024 and headquartered in Singapore, and several institutional investors have recently built or adjusted positions (notably Berkley W R Corp's ~937,845 shares worth about $10.1M).

Shares of RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $10.90 and last traded at $10.9240. 1,706 shares traded hands during trading, a decline of 97% from the average session volume of 54,329 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d)" rating on shares of RF Acquisition Corp II in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

RF Acquisition Corp II Stock Up 0.2%

The company has a fifty day moving average of $10.90 and a two-hundred day moving average of $10.80.

Institutional Trading of RF Acquisition Corp II

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clear Street Group Inc. increased its holdings in RF Acquisition Corp II by 4,466.7% in 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 bought a new stake in RF Acquisition Corp II in the third quarter valued at about $132,000. Berkley W R Corp grew its holdings in shares of RF Acquisition Corp II by 24.2% during the third 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. Shaolin Capital Management LLC bought a new position in shares of RF Acquisition Corp II during the third quarter valued at approximately $940,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of RF Acquisition Corp II during the third quarter valued at approximately $323,000.

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.

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