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

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report)'s stock price shot up 0.3% during trading on Tuesday . The company traded as high as $10.56 and last traded at $10.56. 217 shares were traded during mid-day trading, a decline of 100% from the average session volume of 52,198 shares. The stock had previously closed at $10.53.

RF Acquisition Corp II Price Performance

The stock's 50-day simple moving average is $10.51 and its 200 day simple moving average is $10.38.

Hedge Funds Weigh In On RF Acquisition Corp II

A number of large investors have recently modified their holdings of RFAI. Virtu Financial LLC acquired a new position in shares of RF Acquisition Corp II during the fourth quarter worth approximately $285,000. Westchester Capital Management LLC acquired a new position in shares of RF Acquisition Corp II during the fourth quarter worth approximately $2,555,000. Berkley W R Corp lifted its position in shares of RF Acquisition Corp II by 165.5% during the fourth quarter. Berkley W R Corp now owns 197,444 shares of the company's stock worth $2,018,000 after purchasing an additional 123,074 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of RF Acquisition Corp II during the fourth quarter worth approximately $115,000. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of RF Acquisition Corp II during the fourth quarter worth approximately $268,000.

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.