Inflection Point Acquisition Corp. (NASDAQ:IPAX – Get Free Report) was up 0.7% during trading on Friday . The company traded as high as $3.08 and last traded at $2.99. Approximately 259,281 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 277,739 shares. The stock had previously closed at $2.97.
Inflection Point Acquisition Price Performance
The firm has a 50 day moving average price of $3.77 and a two-hundred day moving average price of $6.29.
Institutional Trading of Inflection Point Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP bought a new stake in shares of Inflection Point Acquisition in the 4th quarter valued at $120,000. Citadel Advisors LLC boosted its position in Inflection Point Acquisition by 0.8% during the second quarter. Citadel Advisors LLC now owns 2,146,487 shares of the company’s stock valued at $20,736,000 after acquiring an additional 16,685 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Inflection Point Acquisition in the 4th quarter worth about $192,000. Bank of Montreal Can acquired a new position in shares of Inflection Point Acquisition in the 1st quarter valued at about $287,000. Finally, Centiva Capital LP bought a new stake in shares of Inflection Point Acquisition during the 4th quarter valued at about $300,000. Institutional investors and hedge funds own 94.74% of the company’s stock.
About Inflection Point Acquisition
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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