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% above its 52 week low of $9.77, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, and also down 4.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.

Trading Task

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

The Loved One Toughness Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following energy indicator, shows a downward pattern.
The stock closed below its Bollinger band, suggesting it may be oversold.

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

Per Group Relative Efficiency
The company’s stock price performance year-to-date delays the peer average by -195.4%.
The company’s stock price efficiency over the past twelve month delays the peer typical by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private companies public via its unique purpose purchase firms (SPACs), concentrating on innovative and also agile technology business.

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

Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s company board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk heading up SpaceX, both business are opponents. So, Palihapitiya’s participation in both may position a dispute of rate of interest.

Whether IPOF stock will combine with SpaceX is simply speculative, and absolutely nothing has actually been confirmed. There are a lot of other possibilities and also various other IPOF target reports in the capitalist chat rooms.

IPOF stock has actually risen 2.6% in the past 5 days as well as is up once again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 till their merger target has been called.

SpaceX is the 20-year-old NASA rival bent on carrying people to Mars. It’s likewise promoting worldwide satellite broadband protection as well as lunar landers.

Being an Elon Musk business, SpaceX has collected a cult complying with, and also its development is very closely followed on social media sites. It’s therefore certain to be a hotly-tipped IPO when it happens.

Nevertheless, the different sight is that Musk would certainly favor to take SpaceX public by means of IPO or straight listing over the questionable SPAC route.

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