Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) was upgraded by equities research analysts at Benchmark to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.
Inflection Point Acquisition Corp. II Price Performance
Inflection Point Acquisition Corp. II stock traded up $0.02 during midday trading on Thursday, reaching $11.04. 8,633 shares of the stock traded hands, compared to its average volume of 118,382. The stock's fifty day moving average is $12.02 and its 200-day moving average is $11.32. Inflection Point Acquisition Corp. II has a 12 month low of $10.44 and a 12 month high of $15.18.
Institutional Investors Weigh In On Inflection Point Acquisition Corp. II
Several large investors have recently bought and sold shares of IPXX. Geode Capital Management LLC lifted its position in Inflection Point Acquisition Corp. II by 62.4% during the third quarter. Geode Capital Management LLC now owns 24,962 shares of the company's stock valued at $268,000 after purchasing an additional 9,596 shares during the last quarter. Centiva Capital LP raised its position in shares of Inflection Point Acquisition Corp. II by 153.9% during the 3rd quarter. Centiva Capital LP now owns 634,645 shares of the company's stock valued at $6,816,000 after buying an additional 384,645 shares in the last quarter. Newtyn Management LLC bought a new position in shares of Inflection Point Acquisition Corp. II in the 4th quarter valued at about $8,036,000. Harraden Circle Investments LLC bought a new stake in Inflection Point Acquisition Corp. II during the fourth quarter worth approximately $8,036,000. Finally, Decagon Asset Management LLP bought a new stake in Inflection Point Acquisition Corp. II during the fourth quarter worth approximately $8,724,000.
About Inflection Point Acquisition Corp. II
(
Get Free Report)
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.
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