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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% over 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 twelve month, and down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 dropped 0.6%.

Trading Activity

Trading volume this week was 57.7% lower than the 20-day standard.
Beta, a step of the stock’s volatility relative to the total market stands at 0.5.
Technical Indicators

The Loved One Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy sign, indicates a descending pattern.
The stock shut below its Bollinger band, suggesting it may be oversold.

Market Comparative Performance
The company’s share rate is the same as the S&P 500 Index, lags it on a 1-year basis, and also delays it on a 5-year basis
The firm’s share price is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, and also lags it on a 5-year basis

Per Team Relative Efficiency
The firm’s stock rate performance year-to-date lags the peer average by -195.4%.
The business’s stock rate performance over the past one year delays the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private business public using its special function acquisition business (SPACs), concentrating on ingenious and dexterous technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 but befalled of support in 2014. Some noteworthy Social Capital SPACs include Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board last week, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk heading up SpaceX, the two business are opponents. So, Palihapitiya’s involvement in both may position a problem of interest.

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

IPOF stock has risen 2.6% in the past 5 days as well as is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to hover around $10 up until their merging target has been named.

SpaceX is the 20-year-old NASA competitor intent on transferring humans to Mars. It’s likewise promoting international satellite broadband coverage as well as lunar landers.

Being an Elon Musk company, SpaceX has actually generated a cult complying with, and its development is closely complied with on social media. It’s consequently certain to be a hotly-tipped IPO when it happens.

Nonetheless, the alternative view is that Musk would like to take SpaceX public by means of IPO or straight listing over the questionable SPAC path.