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 business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, and also down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 fell 0.6%.
Trading quantity today was 57.7% less than the 20-day standard.
Beta, a procedure of the stock’s volatility about the total market stands at 0.5.
The Family Member Toughness Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indication, indicates a descending trend.
The stock shut listed below its Bollinger band, showing it might be oversold.
Market Relative Efficiency
The company’s share price is the same as the S&P 500 Index, delays it on a 1-year basis, and delays it on a 5-year basis
The business’s share rate coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and also lags it on a 5-year basis
Per Group Relative Efficiency
The firm’s stock rate performance year-to-date lags the peer typical by -195.4%.
The firm’s stock rate efficiency over the past one year delays the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as investors 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 by means of its unique objective procurement business (SPACs), focusing on ingenious and also dexterous innovation business.
Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of favor in 2014. Some noteworthy Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk directing SpaceX, both companies are rivals. So, Palihapitiya’s involvement in both might position a dispute of interest.
Whether IPOF stock will combine with SpaceX is purely speculative, and also nothing has been validated. There are lots of various other opportunities and also various other IPOF target reports in the investor chatrooms.
IPOF stock has risen 2.6% in the past five days and is up again pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merger target has actually been named.
SpaceX is the 20-year-old NASA competitor bent on transporting people to Mars. It’s additionally promoting global satellite broadband protection as well as lunar landers.
Being an Elon Musk company, SpaceX has actually amassed a cult adhering to, and its progress is very closely followed on social networks. It’s as a result sure to be a hotly-tipped IPO when it comes to pass.
However, the alternative view is that Musk would certainly choose to take SpaceX public through IPO or direct listing over the debatable SPAC route.