Shares of Inflection Point Acquisition Corp. (NASDAQ:IPAX – Get Free Report) were down 9.2% during mid-day trading on Friday . The company traded as low as $7.38 and last traded at $7.54. Approximately 8,385,129 shares changed hands during trading, an increase of 2,919% from the average daily volume of 277,739 shares. The stock had previously closed at $8.31.
Inflection Point Acquisition Stock Down 9.2 %
The firm has a fifty day moving average price of $14.09 and a 200 day moving average price of $12.89.
Inflection Point Acquisition Company Profile
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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