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 closed today at 1.9% over its 52 week low of $9.77, giving the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past 12 months, and also 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 fell 0.6%.

Trading Task

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

The Family Member Stamina Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, shows a downward pattern.
The stock closed listed below its Bollinger band, showing it may be oversold.

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

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

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

February 23rd, 2022.
The report mill remains in overdrive as financiers delight in the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the current round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private firms public through its special purpose acquisition business (SPACs), concentrating on ingenious and active modern technology companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 but befalled of support last year. Some notable Social Capital SPACs consist of Clover Health (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 company board last week, sustaining 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 might posture a conflict of passion.

Whether IPOF stock will merge with SpaceX is simply speculative, as well as absolutely nothing has actually been verified. There are lots of other opportunities and also various other IPOF target rumors in the capitalist chat rooms.

IPOF stock has climbed 2.6% in the past 5 days and also is up once more pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 until their merging target has actually been called.

SpaceX is the 20-year-old NASA competitor bent on moving people to Mars. It’s also promoting international satellite broadband insurance coverage as well as lunar landers.

Being an Elon Musk business, SpaceX has generated a cult complying with, and its progression is closely adhered to on social media. It’s as a result certain to be a hotly-tipped IPO when it happens.

However, the different sight is that Musk would choose to take SpaceX public through IPO or straight listing over the questionable SPAC route.

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