RF Acquisition Corp II (NASDAQ:RFAI) Trading 0.1% Higher – Should You Buy?

RF Acquisition Corp II (NASDAQ:RFAI)’s stock price shot up 0.1% on Tuesday . The stock traded as high as $10.24 and last traded at $10.24. 1,000 shares were traded during trading, a decline of 97% from the average session volume of 30,050 shares. The stock had previously closed at $10.23.

RF Acquisition Corp II Stock Performance

The company’s 50 day simple moving average is $10.20.

Hedge Funds Weigh In On RF Acquisition Corp II

Institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC acquired a new position in shares of RF Acquisition Corp II during the third quarter worth $1,017,000. Polar Asset Management Partners Inc. acquired a new position in RF Acquisition Corp II during the third quarter valued at $2,288,000. Berkley W R Corp purchased a new stake in RF Acquisition Corp II in the third quarter valued at $756,000. Glazer Capital LLC acquired a new stake in RF Acquisition Corp II during the 3rd quarter worth about $6,132,000. Finally, Crossingbridge Advisors LLC purchased a new position in shares of RF Acquisition Corp II during the 3rd quarter valued at 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”.