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, giving the business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past twelve month, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.

Trading Activity

Trading volume this week was 57.7% less than the 20-day standard.
Beta, a measure 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 in between 30 and also 70.
MACD, a trend-following momentum sign, indicates a descending pattern.
The stock closed listed below its Bollinger band, indicating it may be oversold.

Market Relative Efficiency
The firm’s share cost 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 rate is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, and also delays it on a 5-year basis

Per Group Comparative Performance
The business’s stock rate performance year-to-date delays the peer typical by -195.4%.
The company’s stock price performance over the past year delays the peer typical by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive business public via its special function procurement companies (SPACs), concentrating on cutting-edge and also agile modern technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of favor last year. Some noteworthy Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also 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 accountable of Virgin Galactic and Elon Musk directing SpaceX, the two firms are competitors. So, Palihapitiya’s involvement in both may present a dispute of rate of interest.

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

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

SpaceX is the 20-year-old NASA competitor intent on transporting human beings to Mars. It’s also championing worldwide satellite broadband coverage and also lunar landers.

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

However, the alternate view is that Musk would certainly like to take SpaceX public through IPO or straight listing over the controversial SPAC course.