Inflection Point Acquisition Corp. (NASDAQ:IPAX – Get Free Report) dropped 22.7% during mid-day trading on Thursday . The company traded as low as $6.64 and last traded at $6.78. Approximately 24,444,788 shares were traded during mid-day trading, an increase of 8,701% from the average daily volume of 277,739 shares. The stock had previously closed at $8.77.
Inflection Point Acquisition Price Performance
The stock’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $12.70.
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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