IPOF shares shut 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, offering 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, and also down 4.2% over the past five years. This week, 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% less than the 20-day standard.
Beta, an action of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators

The Loved One Stamina Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following energy indication, suggests a downward trend.
The stock closed listed below its Bollinger band, showing it might be oversold.

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

Per Group Relative Efficiency
The business’s stock price performance year-to-date delays the peer average by -195.4%.
The firm’s stock rate performance over the past 12 months delays the peer typical 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 investors cherish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public by means of its unique purpose acquisition companies (SPACs), focusing on ingenious and nimble innovation firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of support in 2014. Some noteworthy Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s company board last week, fuelling the rumors 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 rivals. So, Palihapitiya’s participation in both may present a problem of rate of interest.

Whether IPOF stock will certainly merge with SpaceX is purely speculative, and absolutely nothing has been validated. There are plenty of other possibilities and various other IPOF target reports in the capitalist chat rooms.

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

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

Being an Elon Musk company, SpaceX has actually generated a cult following, as well as its development is carefully adhered to on social media sites. It’s consequently sure to be a hotly-tipped IPO when it occurs.

However, the alternative view is that Musk would prefer to take SpaceX public via IPO or direct listing over the questionable SPAC path.