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Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Shares Up 2.4% - Time to Buy?

Inflection Point Acquisition Corp. II logo with Financial Services background

Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) shot up 2.4% during mid-day trading on Wednesday . The company traded as high as $10.00 and last traded at $9.84. 863,740 shares were traded during mid-day trading, an increase of 812% from the average session volume of 94,720 shares. The stock had previously closed at $9.61.

Inflection Point Acquisition Corp. II Stock Down 0.5%

The stock has a 50 day moving average price of $10.64 and a 200-day moving average price of $11.11.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

Several institutional investors and hedge funds have recently bought and sold shares of IPXX. Newtyn Management LLC purchased a new position in Inflection Point Acquisition Corp. II during the fourth quarter valued at $8,036,000. Harraden Circle Investments LLC purchased a new position in Inflection Point Acquisition Corp. II during the fourth quarter valued at $8,036,000. Finally, Decagon Asset Management LLP purchased a new position in Inflection Point Acquisition Corp. II during the fourth quarter valued at $8,724,000.

Inflection Point Acquisition Corp. II Company Profile

(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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