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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% over its 52 week low of $9.77, giving the firm a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.

Trading Task

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

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

Market Comparative Efficiency
The company’s share rate coincides as the S&P 500 Index, delays it on a 1-year basis, and also delays it on a 5-year basis
The business’s share cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, as well as delays it on a 5-year basis

Per Team Relative Performance
The firm’s stock rate performance year-to-date delays the peer ordinary by -195.4%.
The firm’s stock rate performance over the past 12 months lags the peer average 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 thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private companies public via its special purpose purchase business (SPACs), concentrating on cutting-edge as well as active innovation firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor last year. Some significant Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

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

Whether IPOF stock will certainly combine with SpaceX is totally speculative, and nothing has actually been validated. There are plenty of other possibilities and also other IPOF target rumors in the financier chat rooms.

IPOF stock has risen 2.6% in the past five days and is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merger target has been named.

SpaceX is the 20-year-old NASA opponent bent on transferring people to Mars. It’s additionally promoting worldwide satellite broadband protection as well as lunar landers.

Being an Elon Musk company, SpaceX has actually accumulated a cult following, and also its development is carefully complied with on social media sites. It’s as a result certain to be a hotly-tipped IPO when it comes to pass.

However, the alternate sight is that Musk would choose to take SpaceX public through IPO or straight listing over the controversial SPAC route.