Benchmark upgraded shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX – Free Report) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.
Inflection Point Acquisition Corp. II Trading Up 0.6 %
Shares of NASDAQ:IPXX opened at $11.13 on Thursday. Inflection Point Acquisition Corp. II has a 12 month low of $10.44 and a 12 month high of $15.18. The firm’s 50-day moving average is $12.02 and its 200 day moving average is $11.31.
Hedge Funds Weigh In On Inflection Point Acquisition Corp. II
Hedge funds have recently added to or reduced their stakes in the stock. Berkley W R Corp grew its stake in Inflection Point Acquisition Corp. II by 10.0% in the 3rd quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock worth $12,955,000 after acquiring an additional 109,450 shares in the last quarter. Geode Capital Management LLC grew its stake in Inflection Point Acquisition Corp. II by 62.4% in the 3rd quarter. Geode Capital Management LLC now owns 24,962 shares of the company’s stock worth $268,000 after acquiring an additional 9,596 shares in the last quarter. Wolverine Asset Management LLC grew its stake in Inflection Point Acquisition Corp. II by 111.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company’s stock worth $10,534,000 after acquiring an additional 517,067 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Inflection Point Acquisition Corp. II by 42.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company’s stock worth $21,441,000 after acquiring an additional 595,250 shares in the last quarter. Finally, Westchester Capital Management LLC grew its stake in Inflection Point Acquisition Corp. II by 7.6% in the 3rd quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company’s stock worth $26,504,000 after acquiring an additional 175,000 shares in the last quarter.
About Inflection Point Acquisition Corp. II
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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