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

Trading Activity

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

The Relative Toughness Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following momentum indicator, shows a down pattern.
The stock shut listed below its Bollinger band, indicating it may be oversold.

Market Comparative Efficiency
The company’s share price coincides 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 cost coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, as well as lags it on a 5-year basis

Per Team Relative Performance
The firm’s stock cost efficiency year-to-date delays the peer typical by -195.4%.
The business’s stock rate efficiency over the past 12 months lags the peer ordinary by -377.7%.

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

February 23rd, 2022.
The report mill is in overdrive as capitalists relish the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive firms public by means of its special purpose acquisition business (SPACs), concentrating on cutting-edge and also active technology companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet befalled of favor last year. Some significant Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s firm board last week, fuelling 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 competitors. So, Palihapitiya’s participation in both might position a dispute of passion.

Whether IPOF stock will combine with SpaceX is purely speculative, as well as nothing has been confirmed. There are a lot of various other possibilities and also various other IPOF target rumors in the financier chatrooms.

IPOF stock has increased 2.6% in the past five 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 bent on carrying humans to Mars. It’s also championing global satellite broadband protection and also lunar landers.

Being an Elon Musk business, SpaceX has collected a cult complying with, and its progress is very closely followed on social networks. It’s as a result sure to be a hotly-tipped IPO when it occurs.

However, the alternative view is that Musk would prefer to take SpaceX public by means of IPO or direct listing over the debatable SPAC path.

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