Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Stock Rating Upgraded by Benchmark

Inflection Point Acquisition Corp. II (NASDAQ:IPXX) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Inflection Point Acquisition Corp. II Stock Up 0.6 %

Shares of Inflection Point Acquisition Corp. II stock 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 business has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $11.31.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

A number of hedge funds have recently modified their holdings of IPXX. Geode Capital Management LLC grew its stake in Inflection Point Acquisition Corp. II by 62.4% in the third quarter. Geode Capital Management LLC now owns 24,962 shares of the company’s stock valued at $268,000 after purchasing an additional 9,596 shares in the last quarter. Centiva Capital LP increased its holdings in Inflection Point Acquisition Corp. II by 153.9% in the third quarter. Centiva Capital LP now owns 634,645 shares of the company’s stock worth $6,816,000 after buying an additional 384,645 shares during the last quarter. Newtyn Management LLC acquired a new position in Inflection Point Acquisition Corp. II in the fourth quarter worth approximately $8,036,000. Harraden Circle Investments LLC bought a new position in Inflection Point Acquisition Corp. II during the fourth quarter valued at approximately $8,036,000. Finally, Decagon Asset Management LLP acquired a new stake in Inflection Point Acquisition Corp. II in the fourth quarter valued at approximately $8,724,000.

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.