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RF Acquisition Corp II (NASDAQ:RFAI) Shares Up 0.3% - Here's Why

RF Acquisition Corp II logo with background

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report)'s stock price shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $10.56 and last traded at $10.56. 217 shares changed hands during 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 business has a 50 day simple moving average of $10.51 and a 200 day simple moving average of $10.38.

Institutional Trading of RF Acquisition Corp II

A number of hedge funds have recently modified their holdings of the company. Toronto Dominion Bank acquired a new position in shares of RF Acquisition Corp II in the 4th quarter worth approximately $3,050,000. Westchester Capital Management LLC acquired a new stake in RF Acquisition Corp II in the 4th quarter valued at $2,555,000. Bulldog Investors LLP grew its position in RF Acquisition Corp II by 305.9% in the fourth quarter. Bulldog Investors LLP now owns 239,878 shares of the company's stock valued at $2,452,000 after acquiring an additional 180,782 shares during the period. Berkley W R Corp boosted its stake in shares of RF Acquisition Corp II by 165.5% in the 4th quarter. Berkley W R Corp now owns 197,444 shares of the company's stock valued at $2,018,000 after purchasing an additional 123,074 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of RF Acquisition Corp II by 18.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 541,134 shares of the company's stock worth $5,530,000 after purchasing an additional 85,000 shares during the last quarter.

RF Acquisition Corp II Company Profile

(Get Free Report)

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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