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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% over its 52 week low of $9.77, offering the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 dropped 0.6%.

Trading Task

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

The Family Member Toughness Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following momentum sign, shows a descending fad.
The stock closed listed below its Bollinger band, showing it may be oversold.

Market Relative Efficiency
The firm’s share rate is the same 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 rate is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, as well as delays it on a 5-year basis

Per Team Comparative Performance
The business’s stock rate efficiency year-to-date delays the peer average by -195.4%.
The firm’s stock price performance over the past one year delays the peer average by -377.7%.

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

February 23rd, 2022.
The rumor mill is in overdrive as financiers cherish the idea 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 personal companies public via its unique purpose procurement business (SPACs), focusing on innovative and also nimble innovation companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of favor in 2014. Some significant Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk heading up SpaceX, both firms are rivals. So, Palihapitiya’s participation in both might present a problem of rate of interest.

Whether IPOF stock will certainly combine with SpaceX is totally speculative, and also nothing has actually been confirmed. There are a lot of other possibilities and also other IPOF target rumors in the financier chatrooms.

IPOF stock has actually risen 2.6% in the past five days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merger target has actually been called.

SpaceX is the 20-year-old NASA opponent intent on transporting human beings to Mars. It’s likewise promoting global satellite broadband insurance coverage as well as lunar landers.

Being an Elon Musk business, SpaceX has actually collected a cult complying with, and its development is closely complied with on social media. It’s consequently certain to be a hotly-tipped IPO when it comes to pass.

However, the alternative sight is that Musk would favor to take SpaceX public via IPO or direct listing over the controversial SPAC course.