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 business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 dropped 0.6%.
Trading volume this week was 57.7% less than the 20-day standard.
Beta, an action of the stock’s volatility relative to the general market stands at 0.5.
The Relative Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy sign, suggests a down trend.
The stock closed below its Bollinger band, suggesting it might be oversold.
Market Comparative Performance
The business’s share rate is the same as the S&P 500 Index, delays it on a 1-year basis, as well as delays it on a 5-year basis
The business’s share rate is the same as the Dow Jones Industrial Standard, delays it on a 1-year basis, and delays it on a 5-year basis
Per Group Comparative Performance
The business’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The firm’s stock price efficiency over the past 12 months lags the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as investors cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal firms public using its unique purpose procurement business (SPACs), concentrating on ingenious and dexterous modern technology companies.
Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of favor last year. Some remarkable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk heading up SpaceX, the two firms are opponents. So, Palihapitiya’s involvement in both might pose a problem of interest.
Whether IPOF stock will certainly merge with SpaceX is totally speculative, and also absolutely nothing has been verified. There are lots of various other possibilities and various other IPOF target reports in the capitalist chat rooms.
IPOF stock has actually climbed 2.6% in the past 5 days as well as is up once again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 up until their merging target has actually been named.
SpaceX is the 20-year-old NASA opponent intent on moving humans to Mars. It’s also promoting worldwide satellite broadband insurance coverage and also lunar landers.
Being an Elon Musk company, SpaceX has generated a cult adhering to, and also its progress is very closely adhered to on social media. It’s therefore certain to be a hotly-tipped IPO when it happens.
Nonetheless, the alternate view is that Musk would certainly choose to take SpaceX public using IPO or direct listing over the questionable SPAC path.