Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) shares rose 14% during trading on Friday . The stock traded as high as $12.90 and last traded at $12.71. Approximately 6,655,487 shares were traded during mid-day trading, an increase of 6,704% from the average daily volume of 97,821 shares. The stock had previously closed at $11.15.
Inflection Point Acquisition Corp. II Stock Up 9.7%
The company has a fifty day moving average of $11.56 and a 200 day moving average of $11.15.
Institutional Trading of Inflection Point Acquisition Corp. II
An institutional investor recently bought a new position in Inflection Point Acquisition Corp. II stock. Newtyn Management LLC acquired a new position in Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 700,000 shares of the company's stock, valued at approximately $8,036,000. Inflection Point Acquisition Corp. II makes up approximately 1.4% of Newtyn Management LLC's holdings, making the stock its 20th largest position. Newtyn Management LLC owned approximately 2.24% of Inflection Point Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.
Inflection Point Acquisition Corp. II Company Profile
(
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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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