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 research note released on Thursday,Zacks.com reports.

Inflection Point Acquisition Corp. II Trading Up 0.6 %

Shares of 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 50 day moving average of $12.02 and a two-hundred day moving average of $11.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IPXX. Berkley W R Corp raised its holdings in shares of Inflection Point Acquisition Corp. II by 10.0% in the third quarter. Berkley W R Corp now owns 1,205,131 shares of the company’s stock valued at $12,955,000 after buying an additional 109,450 shares during the last quarter. Geode Capital Management LLC increased its position in Inflection Point Acquisition Corp. II by 62.4% in the 3rd 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 period. Wolverine Asset Management LLC raised its stake 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 valued at $10,534,000 after acquiring an additional 517,067 shares during the last quarter. Mizuho Securities USA LLC raised its stake 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 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 3rd quarter. Westchester Capital Management LLC now owns 2,467,793 shares of the company’s stock worth $26,504,000 after acquiring an additional 175,000 shares during the period.

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.