Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% above 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 also down 4.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.
Trading quantity this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility relative to the general market stands at 0.5.
The Family Member Stamina Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following momentum indication, suggests a down pattern.
The stock closed listed below its Bollinger band, suggesting it might be oversold.
Market Comparative Efficiency
The business’s share rate is the same as the S&P 500 Index, lags it on a 1-year basis, and also delays it on a 5-year basis
The business’s share rate coincides as the Dow Jones Industrial Average, lags it on a 1-year basis, and also delays it on a 5-year basis
Per Group Relative Efficiency
The company’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The firm’s stock rate performance over the past 12 months 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 investors cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal companies public through its special objective procurement firms (SPACs), focusing on innovative as well as dexterous modern technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 yet fell out of favor last year. Some significant Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, both companies are competitors. So, Palihapitiya’s involvement in both might pose a conflict of interest.
Whether IPOF stock will combine with SpaceX is purely speculative, and absolutely nothing has been confirmed. There are plenty of various other opportunities as well as various other IPOF target rumors in the capitalist chatrooms.
IPOF stock has actually increased 2.6% in the past 5 days and also is up again pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merger target has actually been named.
SpaceX is the 20-year-old NASA rival intent on transporting human beings to Mars. It’s additionally championing international satellite broadband coverage and also lunar landers.
Being an Elon Musk company, SpaceX has actually collected a cult complying with, and its progress is carefully adhered to on social media. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.
Nevertheless, the alternative view is that Musk would certainly favor to take SpaceX public using IPO or direct listing over the debatable SPAC course.