IPOF shares closed today at 1.9% over 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 business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.

Trading Activity

Trading volume this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility about the general market stands at 0.5.
Technical Indicators

The Family Member Strength Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following energy sign, suggests a downward fad.
The stock shut listed below its Bollinger band, suggesting it might be oversold.

Market Relative Performance
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 company’s share price is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, and also lags it on a 5-year basis

Per Team Relative Efficiency
The business’s stock rate performance year-to-date lags the peer ordinary by -195.4%.
The business’s stock price performance over the past year delays the peer average by -377.7%.

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

February 23rd, 2022.
The rumor mill is in overdrive as capitalists enjoy the thought 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 unique purpose procurement companies (SPACs), concentrating on innovative as well as nimble technology companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of support in 2015. Some significant Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya abruptly 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 and Elon Musk directing SpaceX, both companies are competitors. So, Palihapitiya’s participation in both may present a conflict of passion.

Whether IPOF stock will certainly combine with SpaceX is totally speculative, and absolutely nothing has been verified. There are a lot of various other possibilities and various other IPOF target rumors in the capitalist chatrooms.

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

SpaceX is the 20-year-old NASA opponent bent on transporting humans to Mars. It’s also promoting worldwide satellite broadband insurance coverage and lunar landers.

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

Nevertheless, the alternative view is that Musk would prefer to take SpaceX public using IPO or straight listing over the questionable SPAC route.