IPOF shares shut today at 1.9% over its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% above its 52 week low of $9.77, giving the company 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 five years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 dropped 0.6%.

Trading Task

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

The Loved One Stamina Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following energy indication, suggests a down trend.
The stock closed below its Bollinger band, suggesting it may be oversold.

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

Per Group Comparative Performance
The firm’s stock rate efficiency year-to-date delays the peer typical by -195.4%.
The company’s stock price efficiency over the past 12 months lags the peer ordinary by -377.7%.

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

February 23rd, 2022.
Share:.
The rumor mill remains in overdrive as financiers relish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal companies public through its unique function purchase companies (SPACs), concentrating on cutting-edge and also nimble technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of support in 2014. Some significant Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s firm board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, both companies are rivals. So, Palihapitiya’s participation in both may present a problem of interest.

Whether IPOF stock will certainly combine with SpaceX is totally speculative, and nothing has been verified. There are lots of other opportunities and also various other IPOF target rumors in the financier chatrooms.

IPOF stock has actually risen 2.6% in the past 5 days and also is up again pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 until their merger target has been named.

SpaceX is the 20-year-old NASA opponent bent on transferring people to Mars. It’s likewise championing worldwide satellite broadband coverage and lunar landers.

Being an Elon Musk firm, SpaceX has accumulated a cult adhering to, as well as its development is very closely followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it happens.

However, the alternate sight is that Musk would like to take SpaceX public through IPO or direct listing over the controversial SPAC route.