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 closed today at 1.9% over its 52 week low of $9.77, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, and down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.

Trading Activity

Trading quantity this week was 57.7% less than the 20-day standard.
Beta, an action of the stock’s volatility about the overall market stands at 0.5.
Technical Indicators

The Loved One Strength Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following energy indicator, indicates a descending fad.
The stock closed below its Bollinger band, suggesting it might be oversold.

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

Per Group Relative Efficiency
The firm’s stock price performance year-to-date delays the peer average by -195.4%.
The firm’s stock rate performance over the past twelve month delays the peer typical by -377.7%.

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

February 23rd, 2022.
Share:.
The report mill remains in overdrive as investors delight in the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive firms public via its special objective purchase companies (SPACs), focusing on cutting-edge as well as agile modern technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of support last year. Some noteworthy Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board last week, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s participation in both may pose a problem of rate of interest.

Whether IPOF stock will merge with SpaceX is simply speculative, as well as absolutely nothing has actually been verified. There are a lot of other opportunities and also various other IPOF target reports in the investor chat rooms.

IPOF stock has actually increased 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 float around $10 up until their merging target has actually been named.

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

Being an Elon Musk business, SpaceX has actually accumulated a cult adhering to, and also its development is closely followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it occurs.

Nonetheless, the different sight is that Musk would like to take SpaceX public through IPO or direct listing over the debatable SPAC course.