RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-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 changing hands.
Analyst Upgrades and Downgrades
Several research firms recently commented on RFAI. Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded RF Acquisition Corp II to a “sell” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Analysis on RFAI
RF Acquisition Corp II Stock Up 10.5%
The business has a fifty day moving average price of $34.83 and a 200 day moving average price of $18.48.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in RF Acquisition Corp II stock. First Trust Capital Management L.P. purchased a new stake in shares of RF Acquisition Corp II (NASDAQ:RFAI – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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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