RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $34.83 and traded as high as $40.00. RF Acquisition Corp II shares last traded at $37.00, with a volume of 5,737 shares trading hands.
Analyst Ratings Changes
RFAI has been the subject of a number of research reports. Wall Street Zen raised shares of RF Acquisition Corp II to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Read Our Latest Analysis on RFAI
RF Acquisition Corp II Stock Performance
The firm has a 50 day moving average price of $34.83 and a two-hundred day moving average price of $18.48.
Institutional Investors Weigh In On RF Acquisition Corp II
A hedge fund recently bought a new stake in RF Acquisition Corp II stock. First Trust Capital Management L.P. acquired a new stake in shares of RF Acquisition Corp II (NASDAQ:RFAI – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 176,704 shares of the company’s stock, valued at approximately $6,635,000. First Trust Capital Management L.P. owned approximately 5.03% of RF Acquisition Corp II as of its most recent SEC filing.
RF Acquisition Corp II Company Profile
RF Acquisition Corp II (NASDAQ: RFAI) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with one or more private companies through a merger, stock purchase, asset acquisition, reorganization or similar transaction. As a SPAC, RF Acquisition Corp II does not currently operate a traditional business and does not offer products or services to customers. Its activities are focused on identifying and evaluating potential acquisition targets and completing an initial business combination.
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