RF Acquisition Corp. (NASDAQ:RFAC - Get Free Report) rose 0.5% on Friday . The company traded as high as $11.29 and last traded at $11.29. Approximately 6,702 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 15,435 shares. The stock had previously closed at $11.23.
RF Acquisition Stock Up 0.5 %
The stock's 50 day moving average price is $11.22 and its two-hundred day moving average price is $11.11.
Hedge Funds Weigh In On RF Acquisition
A hedge fund recently raised its stake in RF Acquisition stock. Cowen AND Company LLC lifted its stake in RF Acquisition Corp. (NASDAQ:RFAC - Free Report) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,687 shares of the company's stock after acquiring an additional 3,637 shares during the quarter. Cowen AND Company LLC owned approximately 2.71% of RF Acquisition worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission. 36.55% of the stock is currently owned by institutional investors.
About RF Acquisition
(
Get Free Report)
RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.
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