Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock shut today at 1.9% above its 52 week low of $9.77, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past 12 months, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.
Trading volume this week was 57.7% lower than the 20-day standard.
Beta, a measure of the stock’s volatility about the total market stands at 0.5.
The Relative Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indicator, suggests a downward pattern.
The stock closed below its Bollinger band, showing it may be oversold.
Market Comparative Performance
The firm’s share price coincides as the S&P 500 Index, delays it on a 1-year basis, and delays it on a 5-year basis
The company’s share rate coincides as the Dow Jones Industrial Average, delays it on a 1-year basis, as well as lags it on a 5-year basis
Per Group Comparative Efficiency
The company’s stock rate performance year-to-date lags the peer average by -195.4%.
The company’s stock cost performance 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 report mill is in overdrive as investors delight in the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the current round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive business public using its unique objective acquisition firms (SPACs), concentrating on cutting-edge as well as dexterous innovation business.
Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of support last year. Some noteworthy Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Discarding Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, both companies are opponents. So, Palihapitiya’s involvement in both may position a dispute of rate of interest.
Whether IPOF stock will merge with SpaceX is totally speculative, and absolutely nothing has actually been verified. There are lots of various other opportunities and other IPOF target rumors in the investor chat rooms.
IPOF stock has climbed 2.6% in the past five days as well as is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merger target has been called.
SpaceX is the 20-year-old NASA opponent bent on carrying humans to Mars. It’s likewise championing global satellite broadband protection and also lunar landers.
Being an Elon Musk firm, SpaceX has collected a cult adhering to, as well as its development is very closely followed on social media sites. It’s for that reason certain to be a hotly-tipped IPO when it comes to pass.
Nevertheless, the alternate sight is that Musk would certainly like to take SpaceX public via IPO or straight listing over the controversial SPAC path.