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

Trading Activity

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

The Family Member Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indication, suggests a down trend.
The stock closed below its Bollinger band, showing it might be oversold.

Market Comparative Performance
The firm’s share rate 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 Average, delays it on a 1-year basis, as well as lags it on a 5-year basis

Per Team Comparative 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 12 months delays the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) goes through the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal firms public through its unique purpose procurement firms (SPACs), focusing on ingenious and dexterous modern technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 however fell out of support in 2015. Some significant 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 abruptly stepped down from Virgin Galactic’s firm board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, both business are opponents. So, Palihapitiya’s involvement in both may posture a dispute of passion.

Whether IPOF stock will merge with SpaceX is simply speculative, and also absolutely nothing has actually been validated. There are lots of various other possibilities and various other IPOF target reports in the investor chat rooms.

IPOF stock has actually increased 2.6% in the past 5 days and also is up again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 up until their merger target has been called.

SpaceX is the 20-year-old NASA opponent intent on moving humans to Mars. It’s likewise promoting global satellite broadband protection and also lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult following, as well as its progress is closely complied with on social networks. It’s consequently certain to be a hotly-tipped IPO when it happens.

However, the different view is that Musk would favor to take SpaceX public by means of IPO or direct listing over the questionable SPAC route.