RF Acquisition Corp II's (RFAI) Sell (D) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (d)" rating for RF Acquisition Corp II (RFAI), indicating ongoing concerns about the company's stock performance.
• The stock opened at $10.66 with a 52-week trading range between $10.12 and $10.80, reflecting limited volatility.
• Institutional investors have significantly increased their positions in RFAI, with Wealthspring Capital LLC increasing its holdings by 765.6% in the second quarter.

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

RF Acquisition Corp II Stock Performance

RFAI opened at $10.66 on Wednesday. RF Acquisition Corp II has a 52-week low of $10.12 and a 52-week high of $10.80. The business has a fifty day moving average of $10.64 and a 200 day moving average of $10.54.

Institutional Investors Weigh In On RF Acquisition Corp II

Several hedge funds have recently made changes to their positions in RFAI. Wealthspring Capital LLC lifted its holdings in shares of RF Acquisition Corp II by 765.6% in the 2nd quarter. Wealthspring Capital LLC now owns 751,000 shares of the company's stock worth $7,908,000 after buying an additional 664,238 shares during the period. Wolverine Asset Management LLC raised its position in shares of RF Acquisition Corp II by 36.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 863,687 shares of the company's stock worth $9,146,000 after acquiring an additional 232,832 shares in the last quarter. Berkley W R Corp raised its position in shares of RF Acquisition Corp II by 36.6% in the 2nd quarter. Berkley W R Corp now owns 754,815 shares of the company's stock worth $7,948,000 after acquiring an additional 202,061 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of RF Acquisition Corp II in the 2nd quarter worth $1,049,000. Finally, Mizuho Securities USA LLC raised its position in shares of RF Acquisition Corp II by 159.8% in the 1st quarter. Mizuho Securities USA LLC now owns 66,939 shares of the company's stock worth $693,000 after acquiring an additional 41,169 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.

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