RF Acquisition (NASDAQ:RFAC) Trading 0.5% Higher – Here’s What Happened

RF Acquisition Corp. (NASDAQ:RFAC) traded up 0.5% during trading on Friday . The company traded as high as $11.29 and last traded at $11.29. 6,702 shares were traded during trading, a decline of 57% from the average session volume of 15,435 shares. The stock had previously closed at $11.23.

RF Acquisition Stock Performance

The stock has a fifty day moving average price of $11.22 and a 200 day moving average price of $11.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RF Acquisition stock. Cowen AND Company LLC raised its holdings in RF Acquisition Corp. (NASDAQ:RFAC) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,687 shares of the company’s stock after buying an additional 3,637 shares during the quarter. Cowen AND Company LLC owned 2.71% of RF Acquisition worth $1,742,000 at the end of the most recent quarter. 36.55% of the stock is currently owned by institutional investors and hedge funds.

RF Acquisition Company Profile

RF Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in financial services, media, technology, retail, interpersonal communication, transportation, and education sectors.