IPOF shares closed today at 1.9% above its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE closed today at 1.9% over its 52 week low of $9.77, offering the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.

Trading Task

Trading quantity this week was 57.7% lower than the 20-day standard.
Beta, a procedure of the stock’s volatility about the overall market stands at 0.5.
Technical Indicators

The Loved One Toughness Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following momentum indicator, indicates a down fad.
The stock closed below its Bollinger band, indicating it may be oversold.

Market Relative Performance
The business’s share price coincides as the S&P 500 Index, lags it on a 1-year basis, and also lags it on a 5-year basis
The company’s share price is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, and also delays it on a 5-year basis

Per Group Comparative Performance
The business’s stock cost efficiency year-to-date lags the peer average by -195.4%.
The company’s stock rate efficiency over the past twelve month delays the peer average by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.

February 23rd, 2022.
Share:.
The report mill is in overdrive as capitalists cherish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive business public using its special function procurement firms (SPACs), concentrating on innovative as well as dexterous technology companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of favor in 2014. Some noteworthy Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Dumping Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, both firms are rivals. So, Palihapitiya’s involvement in both might pose a problem of interest.

Whether IPOF stock will combine with SpaceX is purely speculative, as well as absolutely nothing has actually been confirmed. There are lots of other opportunities and other IPOF target rumors in the investor chatrooms.

IPOF stock has actually increased 2.6% in the past 5 days and also is up once more pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 up until their merging target has actually been named.

SpaceX is the 20-year-old NASA opponent bent on moving human beings to Mars. It’s additionally championing international satellite broadband coverage and lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult complying with, as well as its progress is carefully followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.

Nonetheless, the different sight is that Musk would certainly choose to take SpaceX public using IPO or direct listing over the controversial SPAC course.