Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX – Get Free Report) traded up 0.1% during trading on Friday . The stock traded as high as $10.53 and last traded at $10.53. 55,054 shares changed hands during trading, a decline of 29% from the average session volume of 77,364 shares. The stock had previously closed at $10.52.
Inflection Point Acquisition Corp. II Price Performance
The business’s fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $10.38.
Institutional Trading of Inflection Point Acquisition Corp. II
Institutional investors and hedge funds have recently made changes to their positions in the business. Glazer Capital LLC increased its holdings in Inflection Point Acquisition Corp. II by 8.3% in the 4th quarter. Glazer Capital LLC now owns 499,468 shares of the company’s stock worth $5,160,000 after acquiring an additional 38,464 shares in the last quarter. HGC Investment Management Inc. purchased a new stake in shares of Inflection Point Acquisition Corp. II during the fourth quarter worth about $25,050,000. Bulldog Investors LLP raised its position in shares of Inflection Point Acquisition Corp. II by 290.5% during the 4th quarter. Bulldog Investors LLP now owns 567,297 shares of the company’s stock worth $5,860,000 after purchasing an additional 422,021 shares during the last quarter. Evercore Wealth Management LLC acquired a new stake in Inflection Point Acquisition Corp. II in the 4th quarter worth about $347,000. Finally, Karpus Management Inc. increased its stake in Inflection Point Acquisition Corp. II by 12.3% during the 4th quarter. Karpus Management Inc. now owns 1,134,300 shares of the company’s stock worth $11,717,000 after buying an additional 124,200 shares in 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.
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