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 shut today at 1.9% above its 52 week low of $9.77, providing the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past five years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.

Trading Activity

Trading volume today was 57.7% less than the 20-day average.
Beta, a measure 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 in between 30 and 70.
MACD, a trend-following energy sign, suggests a descending pattern.
The stock closed listed below its Bollinger band, indicating it might be oversold.

Market Comparative Efficiency
The firm’s share rate coincides as the S&P 500 Index, delays it on a 1-year basis, and 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 Efficiency
The firm’s stock rate performance year-to-date delays the peer typical by -195.4%.
The company’s stock rate efficiency over the past twelve month delays the peer average by -377.7%.

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

February 23rd, 2022.
Share:.
The report mill remains in overdrive as capitalists enjoy the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public via its unique function purchase firms (SPACs), concentrating on cutting-edge and also dexterous modern technology business.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of support in 2015. Some significant Social Capital SPACs include Clover Health and wellness (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 firm board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, the two business are competitors. So, Palihapitiya’s involvement in both might pose a dispute of passion.

Whether IPOF stock will certainly merge with SpaceX is purely speculative, as well as absolutely nothing has actually been verified. There are plenty of various other possibilities as well as various other IPOF target reports in the capitalist chatrooms.

IPOF stock has actually increased 2.6% in the past five days as well as is up again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merger target has been named.

SpaceX is the 20-year-old NASA rival bent on delivering people to Mars. It’s likewise promoting global satellite broadband protection and also lunar landers.

Being an Elon Musk firm, SpaceX has actually generated a cult complying with, as well as its development is carefully complied with on social networks. It’s therefore sure to be a hotly-tipped IPO when it comes to pass.

However, the different sight is that Musk would choose to take SpaceX public by means of IPO or straight listing over the debatable SPAC course.