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 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.
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.