RF Acquisition Corp. (NASDAQ:RFAC – Get Free Report) dropped 66.8% on Monday . The company traded as low as $2.53 and last traded at $2.86. Approximately 648,104 shares were traded during trading, an increase of 1,168% from the average daily volume of 51,123 shares. The stock had previously closed at $8.60.
RF Acquisition Trading Down 66.8%
The firm has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $5.51.
About RF Acquisition
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.
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