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

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 Activity

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.
Technical Indicators

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.
Share:.
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.