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

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

Inflection Point Acquisition Corp. II Stock Up 0.6 %

Shares of IPXX opened at $11.13 on Thursday. The company has a 50 day moving average price of $12.02 and a 200-day moving average price of $11.31. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.44 and a fifty-two week high of $15.18.

Institutional Investors Weigh In On Inflection Point Acquisition Corp. II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkley W R Corp lifted its position 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 valued at $12,955,000 after acquiring an additional 109,450 shares during the last quarter. Geode Capital Management LLC lifted its position in Inflection Point Acquisition Corp. II by 62.4% during the third quarter. Geode Capital Management LLC now owns 24,962 shares of the company’s stock valued at $268,000 after acquiring an additional 9,596 shares during the last quarter. Wolverine Asset Management LLC lifted its position 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 valued at $10,534,000 after acquiring an additional 517,067 shares during the last quarter. Mizuho Securities USA LLC lifted its position in Inflection Point Acquisition Corp. II by 42.4% during the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company’s stock valued at $21,441,000 after acquiring an additional 595,250 shares during the last quarter. Finally, Westchester Capital Management LLC lifted its position in Inflection Point Acquisition Corp. II by 7.6% during 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.

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.