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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V shut today at 1.9% above its 52 week low of $9.77, giving the business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past 12 months, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 fell 0.6%.

Trading Task

Trading volume this week was 57.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators

The Family Member Strength Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indication, indicates a down fad.
The stock closed below its Bollinger band, showing it might be oversold.

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

Per Group Relative Performance
The firm’s stock cost performance year-to-date lags the peer typical by -195.4%.
The firm’s stock cost performance over the past one year lags the peer typical by -377.7%.

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

February 23rd, 2022.
Share:.
The rumor mill is in overdrive as financiers cherish the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public through its special purpose procurement companies (SPACs), focusing on ingenious as well as active technology companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet fell out of favor in 2015. Some remarkable 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 abruptly stepped down from Virgin Galactic’s company 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 companies are rivals. So, Palihapitiya’s participation in both might posture a dispute of passion.

Whether IPOF stock will certainly combine with SpaceX is simply speculative, as well as absolutely nothing has been confirmed. There are a lot of various other opportunities as well as various other IPOF target rumors in the capitalist chatrooms.

IPOF stock has actually climbed 2.6% in the past five days as well as is up again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merging target has been named.

SpaceX is the 20-year-old NASA competitor bent on transporting people to Mars. It’s additionally championing global satellite broadband coverage as well as lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult adhering to, and its progress is closely adhered to on social media. It’s as a result sure to be a hotly-tipped IPO when it comes to pass.

Nonetheless, the different sight is that Musk would certainly prefer to take SpaceX public through IPO or direct listing over the questionable SPAC path.