Inflection Point Acquisition Corp. (NASDAQ:IPAX - Get Free Report)'s share price dropped 8.4% during trading on Tuesday . The company traded as low as $20.78 and last traded at $21.14. Approximately 12,033,580 shares traded hands during mid-day trading, an increase of 4,233% from the average daily volume of 277,739 shares. The stock had previously closed at $23.07.
Inflection Point Acquisition Stock Performance
The firm's 50-day simple moving average is $16.24 and its 200 day simple moving average is $9.91.
About Inflection Point Acquisition
(
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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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