RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report)’s share price traded up 13.5% during trading on Tuesday . The company traded as high as $54.70 and last traded at $33.15. 62,419 shares changed hands during trading, a decline of 71% from the average daily volume of 217,115 shares. The stock had previously closed at $29.21.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of RF Acquisition Corp II from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on RF Acquisition Corp II
RF Acquisition Corp II Stock Down 0.9%
RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter.
Hedge Funds Weigh In On RF Acquisition Corp II
An institutional investor recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. increased its position in RF Acquisition Corp II (NASDAQ:RFAI – Free Report) by 4,466.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,179 shares of the company’s stock after purchasing an additional 8,978 shares during the period. Clear Street Group Inc. owned 0.06% of RF Acquisition Corp II worth $99,000 at the end of the most recent quarter.
RF Acquisition Corp II Company Profile
RF Acquisition Corp II is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating companies. Its potential transactions may include a merger, stock purchase, asset acquisition, reorganization or similar combination.
As a SPAC, RF Acquisition Corp II does not operate a traditional product or service business. Instead, it holds funds raised through its public offering while its management team searches for a suitable target company.
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