RF Acquisition Corp II (NASDAQ:RFAI) Trading Up 0% - Still a Buy?

RF Acquisition Corp II (NASDAQ:RFAI - Get Free Report) rose 0% on Wednesday . The stock traded as high as $10.27 and last traded at $10.27. Approximately 2,160 shares traded hands during trading, a decline of 86% from the average daily volume of 15,082 shares. The stock had previously closed at $10.26.

RF Acquisition Corp II Stock Performance

The firm has a 50 day moving average of $10.22 and a two-hundred day moving average of $10.16.

Institutional Investors Weigh In On RF Acquisition Corp II

A number of institutional investors have recently added to or reduced their stakes in the company. Wealthspring Capital LLC acquired a new position in shares of RF Acquisition Corp II in the third quarter valued at $1,287,000. Wolverine Asset Management LLC acquired a new stake in shares of RF Acquisition Corp II during the 3rd quarter valued at about $44,000. Mizuho Securities USA LLC acquired a new stake in shares of RF Acquisition Corp II during the 3rd quarter valued at about $5,800,000. Periscope Capital Inc. bought a new stake in RF Acquisition Corp II in the third quarter valued at about $2,034,000. Finally, Crossingbridge Advisors LLC acquired a new position in RF Acquisition Corp II in the third quarter worth about $509,000.

About RF Acquisition Corp II

We are a blank check company incorporated on February 5, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.