Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% over its 52 week low of $9.77, giving the company 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 5 years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.
Trading Task
Trading volume today was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility about the total 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 indicator, indicates a down fad.
The stock shut below its Bollinger band, suggesting it may be oversold.
Market Relative Efficiency
The firm’s share rate is the same as the S&P 500 Index, lags 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, lags it on a 1-year basis, as well as delays it on a 5-year basis
Per Team Comparative Efficiency
The business’s stock cost efficiency year-to-date lags the peer typical by -195.4%.
The firm’s stock rate performance over the past twelve month lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
Share:.
The report mill remains in overdrive as capitalists cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal firms public through its special objective purchase companies (SPACs), concentrating on ingenious and also nimble technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of support in 2015. Some notable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s company board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk heading up SpaceX, both business are competitors. So, Palihapitiya’s participation in both might position a dispute of interest.
Whether IPOF stock will certainly merge with SpaceX is purely speculative, and nothing has been validated. There are a lot of various other opportunities and also various other IPOF target rumors in the investor chat rooms.
IPOF stock has increased 2.6% in the past 5 days and also is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 till their merging target has actually been called.
SpaceX is the 20-year-old NASA rival intent on delivering humans to Mars. It’s also promoting global satellite broadband insurance coverage and lunar landers.
Being an Elon Musk company, SpaceX has amassed a cult complying with, and also its progression is very closely adhered to on social media. It’s as a result certain to be a hotly-tipped IPO when it happens.
Nevertheless, the alternate view is that Musk would prefer to take SpaceX public by means of IPO or straight listing over the questionable SPAC route.