Inflection Point Acquisition (NASDAQ:IPAX) Reaches New 1-Year High – Still a Buy?

Inflection Point Acquisition Corp. (NASDAQ:IPAXGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.96 and last traded at $12.93, with a volume of 13817106 shares traded. The stock had previously closed at $11.69.

Inflection Point Acquisition Price Performance

The stock has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $6.83.

About Inflection Point Acquisition

(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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