Inflection Point Acquisition Corp. II (NASDAQ:IPXX) Shares Down 1.9% – Here’s Why

Inflection Point Acquisition Corp. II (NASDAQ:IPXX – Get Free Report)’s stock price was down 1.9% on Thursday . The stock traded as low as $16.89 and last traded at $17.19. Approximately 12,573,737 shares were traded during mid-day trading, an increase of 12,754% from the average daily volume of 97,821 shares. The stock had previously closed at $17.52.

Inflection Point Acquisition Corp. II Trading Up 3.3%

The company has a fifty day moving average price of $14.96 and a 200 day moving average price of $16.30.

Inflection Point Acquisition Corp. II Company Profile

(Get Free Report)

Inflection Point Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021 and listed on the Nasdaq under the ticker IPXX. The company was established to raise capital through an initial public offering with the objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Inflection Point Acquisition Corp. II focuses on identifying and acquiring high-growth businesses primarily in the technology, digital infrastructure, artificial intelligence and Internet of Things sectors.

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