Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Trading Down 11.3% – Here’s What Happened

Inflection Point Acquisition Corp. II (NASDAQ:IPXX)’s share price was down 11.3% during mid-day trading on Wednesday . The stock traded as low as $8.25 and last traded at $8.40. Approximately 899,544 shares traded hands during trading, an increase of 647% from the average daily volume of 120,346 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

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

Inflection Point Acquisition Corp. II Price Performance

The stock has a 50 day moving average of $10.54 and a 200 day moving average of $11.14.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

Several institutional investors have recently modified their holdings of IPXX. Geode Capital Management LLC boosted 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 worth $268,000 after buying an additional 9,596 shares in the last quarter. Newtyn Management LLC bought a new stake in shares of Inflection Point Acquisition Corp. II in the 4th quarter worth approximately $8,036,000. Harraden Circle Investments LLC bought a new stake in shares of Inflection Point Acquisition Corp. II in the 4th quarter worth approximately $8,036,000. Finally, Decagon Asset Management LLP purchased a new stake in shares of Inflection Point Acquisition Corp. II in the 4th quarter valued at $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.