IPOF shares closed today at 1.9% above 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% 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 one year, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 dropped 0.6%.

Trading Task

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

The Relative Stamina Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indication, suggests a down pattern.
The stock shut below its Bollinger band, indicating it might be oversold.

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

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

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

February 23rd, 2022.
The rumor mill is in overdrive as investors relish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private firms public through its special function purchase business (SPACs), focusing on innovative and also agile modern technology firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of favor in 2014. Some notable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Unloading 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 accountable of Virgin Galactic and also Elon Musk heading up SpaceX, both companies are competitors. So, Palihapitiya’s involvement in both might present a dispute of rate of interest.

Whether IPOF stock will certainly combine with SpaceX is purely speculative, and absolutely nothing has actually been confirmed. There are a lot of other opportunities and also various other IPOF target reports in the financier chatrooms.

IPOF stock has actually climbed 2.6% in the past five days as well as is up again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 till their merging target has been called.

SpaceX is the 20-year-old NASA competitor bent on delivering humans to Mars. It’s additionally championing global satellite broadband coverage as well as lunar landers.

Being an Elon Musk firm, SpaceX has actually amassed a cult adhering to, as well as its development is very closely adhered to on social media. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.

Nevertheless, the alternative sight is that Musk would certainly like to take SpaceX public using IPO or straight listing over the questionable SPAC course.