Wolverine Asset Management LLC boosted its holdings in Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 164,698 shares of the company’s stock after acquiring an additional 64,126 shares during the quarter. Wolverine Asset Management LLC’s holdings in Inflection Point Acquisition Corp. III were worth $1,659,000 at the end of the most recent quarter.
Separately, Hudson Bay Capital Management LP purchased a new stake in shares of Inflection Point Acquisition Corp. III in the second quarter worth approximately $4,848,000.
Inflection Point Acquisition Corp. III Stock Up 0.1%
NASDAQ:IPCX opened at $10.17 on Friday. Inflection Point Acquisition Corp. III has a 52 week low of $10.05 and a 52 week high of $10.35. The company has a 50-day moving average price of $10.15.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Inflection Point Acquisition Corp. III currently has an average rating of “Sell”.
View Our Latest Report on Inflection Point Acquisition Corp. III
About Inflection Point Acquisition Corp. III
Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.
Like many SPACs, Inflection Point Acquisition Corp.
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