Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) were up 2.4% on Wednesday . The company traded as high as $10.00 and last traded at $9.84. Approximately 863,740 shares traded hands during mid-day trading, an increase of 812% from the average daily volume of 94,720 shares. The stock had previously closed at $9.61.
Inflection Point Acquisition Corp. II Stock Down 2.6%
The business has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $11.10.
Institutional Inflows and Outflows
A number of hedge funds and other institutional 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 in the 4th quarter valued at $8,724,000. Newtyn Management LLC purchased a new position in shares of Inflection Point Acquisition Corp. II during the 4th quarter worth $8,036,000. Finally, Harraden Circle Investments LLC purchased a new position in shares of Inflection Point Acquisition Corp. II during the 4th quarter worth $8,036,000.
About Inflection Point Acquisition Corp. II
(
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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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