Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Rating Increased to Strong-Buy at Benchmark

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

Inflection Point Acquisition Corp. II Stock Performance

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

Institutional Trading of Inflection Point Acquisition Corp. II

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Westchester Capital Management LLC increased 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 purchasing an additional 175,000 shares during the period. Mizuho Securities USA LLC grew its holdings in Inflection Point Acquisition Corp. II by 42.4% during 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 during the period. Berkley W R Corp grew its holdings in Inflection Point Acquisition Corp. II by 10.0% during 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 during the period. Wolverine Asset Management LLC grew its holdings in Inflection Point Acquisition Corp. II by 111.7% during 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 during the period. Finally, Decagon Asset Management LLP acquired a new stake in Inflection Point Acquisition Corp. II during the 4th quarter worth about $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.