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Inflection Point Acquisition (NASDAQ:IPAX) Trading Down 1.9% - Here's Why

Inflection Point Acquisition logo with Industrials background

Inflection Point Acquisition Corp. (NASDAQ:IPAX - Get Free Report) shares traded down 1.9% during mid-day trading on Tuesday . The stock traded as low as $11.60 and last traded at $12.12. 5,925,271 shares changed hands during mid-day trading, an increase of 2,033% from the average session volume of 277,739 shares. The stock had previously closed at $12.36.

Inflection Point Acquisition Price Performance

The company has a 50-day simple moving average of $8.63 and a 200-day simple moving average of $13.20.

Inflection Point Acquisition Company Profile

(Get Free Report)

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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