IPOF shares shut today at 1.9% over 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, providing the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 fell 0.6%.

Trading Activity

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

The Family Member Strength Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following momentum indicator, shows a descending fad.
The stock shut below its Bollinger band, indicating it might be oversold.

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

Per Group Comparative Efficiency
The company’s stock cost performance year-to-date delays the peer typical by -195.4%.
The business’s stock price performance over the past 12 months delays the peer average by -377.7%.

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

February 23rd, 2022.
The rumor mill remains in overdrive as capitalists cherish 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 personal companies public via its unique purpose purchase firms (SPACs), concentrating on cutting-edge and nimble technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of favor last year. 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 quickly stepped down from Virgin Galactic’s company board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s involvement in both might posture a problem of rate of interest.

Whether IPOF stock will certainly combine with SpaceX is simply speculative, and absolutely nothing has actually been confirmed. There are plenty of other opportunities and also other IPOF target reports in the capitalist chat rooms.

IPOF stock has increased 2.6% in the past five days and is up once again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float 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 additionally championing worldwide satellite broadband protection and lunar landers.

Being an Elon Musk business, SpaceX has actually amassed a cult adhering to, and also its progress is carefully followed on social networks. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.

Nonetheless, the alternate view is that Musk would certainly like to take SpaceX public via IPO or straight listing over the controversial SPAC route.