Walleye Capital LLC trimmed its position in shares of Inflection Point Acquisition Corp. (NASDAQ:IPAXU – Get Rating) by 7.4% during the first quarter, HoldingsChannel reports. The fund owned 60,112 shares of the company’s stock after selling 4,837 shares during the quarter. Walleye Capital LLC’s holdings in Inflection Point Acquisition were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Wealthspring Capital LLC boosted its holdings in Inflection Point Acquisition by 1.5% in the 1st quarter. Wealthspring Capital LLC now owns 145,275 shares of the company’s stock valued at $1,432,000 after purchasing an additional 2,200 shares in the last quarter.
Inflection Point Acquisition Price Performance
Shares of IPAXU stock opened at $10.00 on Thursday. The stock has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $9.84. Inflection Point Acquisition Corp. has a 12-month low of $9.71 and a 12-month high of $11.03.
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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