Shares of Inflection Point Acquisition Corp. (NASDAQ:IPAX – Get Free Report) traded down 7.3% on Friday . The company traded as low as $8.59 and last traded at $8.66. 6,409,869 shares changed hands during mid-day trading, an increase of 2,208% from the average session volume of 277,739 shares. The stock had previously closed at $9.34.
Inflection Point Acquisition Stock Performance
The company has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.64.
About Inflection Point Acquisition
Inflection Point Acquisition Corp. 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 in the consumer and technology industries. The company was incorporated in 2021 and is based in New York, New York.
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