IPOF shares closed today at 1.9% over 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% above its 52 week low of $9.77, giving the firm 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 dropped 0.1%, as well as the S&P 500 fell 0.6%.

Trading Activity

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

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

Market Comparative Performance
The company’s share rate coincides as the S&P 500 Index, delays it on a 1-year basis, and delays it on a 5-year basis
The company’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 Group Comparative Efficiency
The business’s stock price efficiency year-to-date lags the peer ordinary by -195.4%.
The business’s stock cost performance over the past year delays the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private business public via its special function purchase companies (SPACs), concentrating on innovative as well as active innovation companies.

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

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board recently, 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 pose a problem of passion.

Whether IPOF stock will certainly combine with SpaceX is purely speculative, and also nothing has been confirmed. There are lots of other possibilities as well as various other IPOF target rumors in the investor chat rooms.

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

SpaceX is the 20-year-old NASA opponent intent on moving human beings to Mars. It’s additionally championing worldwide satellite broadband protection and also lunar landers.

Being an Elon Musk firm, SpaceX has generated a cult adhering to, as well as its development is carefully adhered to on social media. It’s as a result certain to be a hotly-tipped IPO when it happens.

Nonetheless, the different sight is that Musk would certainly choose to take SpaceX public using IPO or straight listing over the questionable SPAC path.

Comments are closed.