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% over its 52 week low of $9.77, offering the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.

Trading Task

Trading volume today was 57.7% lower than the 20-day standard.
Beta, a procedure of the stock’s volatility about the general market stands at 0.5.
Technical Indicators

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

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

Per Group Comparative Performance
The business’s stock rate efficiency year-to-date lags the peer average by -195.4%.
The company’s stock cost efficiency over the past year delays the peer typical by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.

February 23rd, 2022.
The rumor mill remains in overdrive as financiers delight in the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive business public via its special purpose acquisition companies (SPACs), focusing on ingenious and also dexterous modern technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2014. Some notable Social Capital SPACs consist of 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 company board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s participation in both might position a conflict of passion.

Whether IPOF stock will merge with SpaceX is totally speculative, as well as nothing has actually been confirmed. There are a lot of various other possibilities as well as other IPOF target rumors in the financier chat rooms.

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

SpaceX is the 20-year-old NASA competitor bent on transferring people to Mars. It’s likewise championing international satellite broadband insurance coverage and also lunar landers.

Being an Elon Musk firm, SpaceX has actually collected a cult following, as well as its development is very closely adhered to on social media sites. It’s as a result certain to be a hotly-tipped IPO when it happens.

Nevertheless, the different sight is that Musk would prefer to take SpaceX public via IPO or straight listing over the questionable SPAC route.