IPOF shares shut today at 1.9% over its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock shut today at 1.9% over its 52 week low of $9.77, offering the company 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. Today, the Dow Jones Industrial Average fell 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 Loved One Stamina Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following momentum sign, shows a down fad.
The stock closed below its Bollinger band, suggesting it may be oversold.

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

Per Team Comparative Efficiency
The company’s stock rate efficiency year-to-date lags the peer average by -195.4%.
The firm’s stock rate performance over the past 12 months delays the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private companies public by means of its unique function purchase business (SPACs), focusing on cutting-edge as well as active technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of support in 2014. Some significant Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk directing SpaceX, the two business are competitors. So, Palihapitiya’s participation in both might present a problem of passion.

Whether IPOF stock will combine with SpaceX is simply speculative, as well as nothing has been verified. There are a lot of various other opportunities and also various other IPOF target rumors in the investor chat rooms.

IPOF stock has actually increased 2.6% in the past five days as well as is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merger target has been called.

SpaceX is the 20-year-old NASA rival bent on carrying human beings to Mars. It’s also promoting worldwide satellite broadband coverage and lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult following, as well as its development is closely followed on social media sites. It’s for that reason certain to be a hotly-tipped IPO when it occurs.

However, the alternative view is that Musk would certainly like to take SpaceX public via IPO or direct listing over the debatable SPAC course.