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.
Featured Stories
Before you consider Inflection Point Acquisition Corp. II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inflection Point Acquisition Corp. II wasn't on the list.
While Inflection Point Acquisition Corp. II currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
