Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Upgraded by Benchmark to “Strong-Buy” Rating

Benchmark upgraded shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Inflection Point Acquisition Corp. II Stock Up 0.6 %

Inflection Point Acquisition Corp. II stock opened at $11.13 on Thursday. The company has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $11.31. Inflection Point Acquisition Corp. II has a 12-month low of $10.44 and a 12-month high of $15.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Inflection Point Acquisition Corp. II by 62.4% during 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. Berkley W R Corp raised its holdings in Inflection Point Acquisition Corp. II by 10.0% during the third quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock worth $12,955,000 after purchasing an additional 109,450 shares in the last quarter. Westchester Capital Management LLC lifted its position in shares of Inflection Point Acquisition Corp. II by 7.6% during the 3rd quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company’s stock worth $26,504,000 after buying an additional 175,000 shares during the last quarter. Centiva Capital LP boosted its holdings in shares of Inflection Point Acquisition Corp. II by 153.9% in the 3rd quarter. Centiva Capital LP now owns 634,645 shares of the company’s stock valued at $6,816,000 after buying an additional 384,645 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in shares of 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 valued at $10,534,000 after buying an additional 517,067 shares during 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.