Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Stock Price Down 11.3% - Should You Sell?

Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) shares were down 11.3% during mid-day trading on Wednesday . The company traded as low as $8.25 and last traded at $8.40. Approximately 899,544 shares traded hands during trading, an increase of 647% from the average daily volume of 120,346 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

Separately, Benchmark raised Inflection Point Acquisition Corp. II to a "strong-buy" rating in a report on Thursday, February 27th.

Inflection Point Acquisition Corp. II Price Performance

The company has a 50-day simple moving average of $10.45 and a two-hundred day simple moving average of $11.13.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. II

Large investors have recently added to or reduced their stakes in the company. Decagon Asset Management LLP purchased a new position in Inflection Point Acquisition Corp. II during the 4th quarter valued at about $8,724,000. Newtyn Management LLC purchased a new stake in Inflection Point Acquisition Corp. II in the fourth quarter worth $8,036,000. Harraden Circle Investments LLC bought a new stake in Inflection Point Acquisition Corp. II in the fourth quarter valued at $8,036,000. Finally, Geode Capital Management LLC raised its holdings in Inflection Point Acquisition Corp. II by 62.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,962 shares of the company's stock worth $268,000 after purchasing an additional 9,596 shares in the last quarter.

About Inflection Point Acquisition Corp. II

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.