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, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.
Trading Activity
Trading quantity this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility about the overall market stands at 0.5.
Technical Indicators
The Family Member Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following momentum indicator, shows a downward pattern.
The stock shut below its Bollinger band, indicating it may be oversold.
Market Relative Efficiency
The business’s share cost 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 cost coincides as the Dow Jones Industrial Average, delays it on a 1-year basis, and also lags it on a 5-year basis
Per Group Comparative Efficiency
The business’s stock price efficiency year-to-date lags the peer average by -195.4%.
The business’s stock price efficiency over the past year delays the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
Share:.
The rumor mill is in overdrive as capitalists relish the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public via its unique purpose acquisition business (SPACs), focusing on cutting-edge and also nimble technology companies.
Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of support in 2014. Some notable Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk heading up SpaceX, the two companies are competitors. So, Palihapitiya’s involvement in both might pose a dispute of passion.
Whether IPOF stock will merge with SpaceX is totally speculative, and absolutely nothing has actually been confirmed. There are lots of various other possibilities as well as various other IPOF target rumors in the investor chat rooms.
IPOF stock has increased 2.6% in the past five days as well as is up again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merging target has been named.
SpaceX is the 20-year-old NASA opponent intent on transporting human beings to Mars. It’s additionally championing worldwide satellite broadband coverage as well as lunar landers.
Being an Elon Musk business, SpaceX has actually amassed a cult adhering to, and its progression is closely complied with on social media sites. It’s as a result certain to be a hotly-tipped IPO when it comes to pass.
However, the alternate sight is that Musk would certainly like to take SpaceX public by means of IPO or straight listing over the debatable SPAC path.