RF Acquisition Corp II (NASDAQ:RFAI) Trading Up 0.1% – Time to Buy?

Shares of RF Acquisition Corp II (NASDAQ:RFAI) were up 0.1% during mid-day trading on Tuesday . The company traded as high as $10.24 and last traded at $10.24. Approximately 1,000 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 30,050 shares. The stock had previously closed at $10.23.

RF Acquisition Corp II Price Performance

The firm’s fifty day moving average price is $10.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Glazer Capital LLC acquired a new stake in RF Acquisition Corp II during the 3rd quarter valued at $6,132,000. Mizuho Securities USA LLC purchased a new position in RF Acquisition Corp II in the 3rd quarter valued at about $5,800,000. Polar Asset Management Partners Inc. purchased a new position in RF Acquisition Corp II in the 3rd quarter valued at about $2,288,000. Periscope Capital Inc. acquired a new stake in shares of RF Acquisition Corp II during the third quarter valued at about $2,034,000. Finally, Wealthspring Capital LLC purchased a new stake in shares of RF Acquisition Corp II during the third quarter worth about $1,287,000.

RF Acquisition Corp II Company Profile

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”.