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% over 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 twelve month, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity this week was 57.7% less than the 20-day average.
Beta, an action of the stock’s volatility relative to the total market stands at 0.5.
Technical Indicators

The Loved One Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indication, suggests a downward trend.
The stock closed listed below its Bollinger band, suggesting it might be oversold.

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

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

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

February 23rd, 2022.
The rumor mill is 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 business public via its special function acquisition firms (SPACs), focusing on innovative and agile modern technology companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2015. Some significant Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both business are opponents. So, Palihapitiya’s participation in both might present a conflict of rate of interest.

Whether IPOF stock will combine with SpaceX is purely speculative, and also absolutely nothing has been confirmed. There are lots of other possibilities and also various other IPOF target rumors in the capitalist chatrooms.

IPOF stock has actually climbed 2.6% in the past five days and also is up once more pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 till their merger target has been named.

SpaceX is the 20-year-old NASA rival intent on transporting human beings to Mars. It’s also promoting worldwide satellite broadband protection as well as lunar landers.

Being an Elon Musk firm, SpaceX has actually accumulated a cult adhering to, and also its progression is carefully complied with on social networks. It’s therefore certain to be a hotly-tipped IPO when it comes to pass.

Nevertheless, the different sight is that Musk would certainly prefer to take SpaceX public using IPO or straight listing over the debatable SPAC route.