Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Shares Up 1% – Here’s What Happened

Inflection Point Acquisition Corp. II (NASDAQ:IPXX) traded up 1% on Thursday . The company traded as high as $11.35 and last traded at $11.16. 9,622 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 6,260 shares. The stock had previously closed at $11.05.

Inflection Point Acquisition Corp. II Trading Up 1.0 %

The company has a 50-day moving average of $12.07 and a 200-day moving average of $11.29.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. II

A number of hedge funds have recently made changes to their positions in IPXX. Westchester Capital Management LLC boosted its holdings in Inflection Point Acquisition Corp. II by 7.6% in the third quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company’s stock valued at $26,504,000 after acquiring an additional 175,000 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of 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 purchasing an additional 595,250 shares during the period. Berkley W R Corp boosted its stake in shares of 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 valued at $12,955,000 after purchasing an additional 109,450 shares during the last quarter. Wolverine Asset Management LLC raised its stake in Inflection Point Acquisition Corp. II by 111.7% during the third quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company’s stock worth $10,534,000 after buying an additional 517,067 shares during the last quarter. Finally, Decagon Asset Management LLP bought a new position in Inflection Point Acquisition Corp. II during the fourth quarter worth $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.