Inflection Point Acquisition Corp. II (NASDAQ:IPXX – Get Free Report) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.
Inflection Point Acquisition Corp. II Trading Up 0.6 %
Shares of IPXX stock opened at $11.13 on Thursday. The business’s 50 day moving average is $12.02 and its two-hundred day moving average is $11.31. 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
A number of hedge funds have recently bought and sold shares of the company. Newtyn Management LLC acquired a new position in shares of Inflection Point Acquisition Corp. II during the 4th quarter worth about $8,036,000. Harraden Circle Investments LLC bought a new stake in shares of Inflection Point Acquisition Corp. II in the fourth quarter valued at approximately $8,036,000. Decagon Asset Management LLP acquired a new stake in shares of Inflection Point Acquisition Corp. II in the fourth quarter worth $8,724,000. Geode Capital Management LLC increased 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 worth $268,000 after acquiring an additional 9,596 shares during the period. Finally, Centiva Capital LP raised its stake in 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 purchasing an additional 384,645 shares during 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.
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