IPOF shares shut 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% over its 52 week low of $9.77, providing the firm a market cap of $1B. The stock is presently 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 fell 0.1%, as well as the S&P 500 fell 0.6%.

Trading Activity

Trading quantity this week was 57.7% less than the 20-day standard.
Beta, a step of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators

The Family Member Toughness Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following momentum indicator, indicates a downward fad.
The stock shut listed below its Bollinger band, showing it may be oversold.

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

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

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

February 23rd, 2022.
Share:.
The report mill is in overdrive as capitalists cherish the idea 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 companies public via its special objective purchase firms (SPACs), focusing on innovative as well as dexterous modern technology companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of support in 2015. Some significant Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Discarding Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk heading up SpaceX, both companies are opponents. So, Palihapitiya’s participation in both might posture a dispute of passion.

Whether IPOF stock will combine with SpaceX is simply speculative, and also nothing has been confirmed. There are a lot of various other possibilities as well as various other IPOF target reports in the financier chatrooms.

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

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

Being an Elon Musk firm, SpaceX has generated a cult adhering to, as well as its progress is carefully complied with on social media. It’s consequently sure to be a hotly-tipped IPO when it occurs.

Nonetheless, the alternate sight is that Musk would prefer to take SpaceX public using IPO or direct listing over the debatable SPAC route.

Comments are closed.