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.
Check Out Our Latest Analysis on Inflection Point Acquisition Corp. II
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
(
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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