Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE closed today at 1.9% over its 52 week low of $9.77, giving the company 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 five years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.
Trading volume today was 57.7% lower than the 20-day standard.
Beta, a measure of the stock’s volatility about the overall market stands at 0.5.
The Loved One Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indicator, indicates a downward trend.
The stock shut listed below its Bollinger band, indicating it may be oversold.
Market Comparative Efficiency
The firm’s share cost coincides as the S&P 500 Index, lags it on a 1-year basis, and also delays it on a 5-year basis
The business’s share rate is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, and delays it on a 5-year basis
Per Team Comparative Performance
The business’s stock cost efficiency year-to-date lags the peer average by -195.4%.
The business’s stock cost efficiency over the past year lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as financiers cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive firms public by means of its special objective acquisition firms (SPACs), concentrating on cutting-edge and also dexterous technology companies.
Chamath Palihapitiya’s SPACs were valuable in 2020 yet befalled of support last year. Some remarkable Social Capital SPACs include Clover Health (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 company board recently, sustaining 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 opponents. So, Palihapitiya’s participation in both might present a conflict of interest.
Whether IPOF stock will certainly merge with SpaceX is simply speculative, and also absolutely nothing has actually been validated. There are a lot of various other opportunities and also various other IPOF target reports in the investor chat rooms.
IPOF stock has actually risen 2.6% in the past 5 days and is up once again pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 up until their merger target has actually been named.
SpaceX is the 20-year-old NASA competitor bent on transferring human beings to Mars. It’s likewise promoting global satellite broadband coverage as well as lunar landers.
Being an Elon Musk business, SpaceX has accumulated a cult following, and its progress is closely complied with on social media. It’s for that reason certain to be a hotly-tipped IPO when it happens.
Nevertheless, the different view is that Musk would choose to take SpaceX public through IPO or straight listing over the questionable SPAC route.