Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Stock Price Down 8.9% - Here's Why

Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) fell 8.9% during trading on Monday . The company traded as low as $13.17 and last traded at $13.24. 3,558,004 shares changed hands during mid-day trading, an increase of 3,866% from the average session volume of 89,718 shares. The stock had previously closed at $14.53.

Analysts Set New Price Targets

Separately, Benchmark upgraded shares of Inflection Point Acquisition Corp. II to a "strong-buy" rating in a report on Thursday, February 27th.

Inflection Point Acquisition Corp. II Stock Performance

The firm has a 50 day moving average price of $10.85 and a two-hundred day moving average price of $11.18.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Decagon Asset Management LLP acquired a new stake in Inflection Point Acquisition Corp. II during the 4th quarter worth about $8,724,000. Newtyn Management LLC purchased a new position in shares of Inflection Point Acquisition Corp. II in the fourth quarter worth approximately $8,036,000. Finally, Harraden Circle Investments LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II during the fourth quarter valued at approximately $8,036,000.

Inflection Point Acquisition Corp. II Company Profile

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.