Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Get Free Report) shares traded up 3.5% during trading on Friday . The company traded as high as $10.93 and last traded at $10.64. 643,888 shares changed hands during mid-day trading, an increase of 400% from the average session volume of 128,850 shares. The stock had previously closed at $10.28.
Wall Street Analyst Weigh In
Separately, Benchmark upgraded Inflection Point Acquisition Corp. II to a "strong-buy" rating in a report on Thursday, February 27th.
Check Out Our Latest Analysis on IPXX
Inflection Point Acquisition Corp. II Stock Performance
The stock's 50 day moving average price is $10.44 and its 200 day moving average price is $11.23.
Institutional Trading of Inflection Point Acquisition Corp. II
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Decagon Asset Management LLP bought a new stake in shares of Inflection Point Acquisition Corp. II in the fourth quarter worth $8,724,000. Newtyn Management LLC acquired a new position in Inflection Point Acquisition Corp. II in the fourth quarter valued at $8,036,000. Finally, Harraden Circle Investments LLC acquired a new position in Inflection Point Acquisition Corp. II in the fourth quarter valued at $8,036,000.
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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