IPOF shares closed today at 1.9% over its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V 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 12 months, and also down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.

Trading Activity

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

The Loved One Toughness Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following energy indicator, suggests a downward pattern.
The stock closed below its Bollinger band, showing it may be oversold.

Market Comparative Efficiency
The company’s share cost coincides as the S&P 500 Index, delays it on a 1-year basis, as well as lags it on a 5-year basis
The firm’s share cost is the same as the Dow Jones Industrial Standard, delays it on a 1-year basis, and also delays it on a 5-year basis

Per Group Relative Efficiency
The firm’s stock cost performance year-to-date lags the peer average by -195.4%.
The company’s stock rate efficiency over the past twelve month lags the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) goes through the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive companies public by means of its unique function procurement companies (SPACs), focusing on innovative and also dexterous modern technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 but fell out of favor last year. Some noteworthy Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, the two business are rivals. So, Palihapitiya’s participation in both might present a conflict of interest.

Whether IPOF stock will merge with SpaceX is totally speculative, and absolutely nothing has actually been validated. There are a lot of other opportunities and various other IPOF target reports in the capitalist chatrooms.

IPOF stock has actually increased 2.6% in the past 5 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 actually been called.

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

Being an Elon Musk firm, SpaceX has actually collected a cult following, as well as its development is carefully adhered to on social media. It’s as a result sure to be a hotly-tipped IPO when it comes to pass.

However, the different sight is that Musk would certainly favor to take SpaceX public using IPO or straight listing over the questionable SPAC course.

Flenn Burke

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