Shares of RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) dropped 16.2% on Monday . The company traded as low as $8.94 and last traded at $9.29. Approximately 8,189 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 49,102 shares. The stock had previously closed at $11.09.
Analysts Set New Price Targets
Separately, Weiss Ratings raised RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
RF Acquisition Corp II Stock Down 16.2%
RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Clear Street Group Inc. increased its holdings in shares of RF Acquisition Corp II by 4,466.7% during the fourth quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after buying an additional 8,978 shares in the last quarter. Susquehanna International Group LLP bought a new stake in RF Acquisition Corp II during the 3rd quarter worth approximately $132,000. Finally, Shaolin Capital Management LLC bought a new stake in RF Acquisition Corp II during the 3rd quarter worth approximately $940,000.
RF Acquisition Corp II Company Profile
RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.
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