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 business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past one year, as well as 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 dropped 0.6%.
Trading volume this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility relative to the total market stands at 0.5.
The Loved One Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following momentum indication, shows a down trend.
The stock closed below its Bollinger band, showing it may be oversold.
Market Comparative Efficiency
The firm’s share rate coincides 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 rate is the same as the Dow Jones Industrial Average, lags it on a 1-year basis, and lags it on a 5-year basis
Per Group Relative Efficiency
The firm’s stock cost efficiency year-to-date delays the peer typical by -195.4%.
The firm’s stock price efficiency 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 rumor mill remains in overdrive as financiers delight in the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private firms public through its special function acquisition companies (SPACs), focusing on innovative and also dexterous technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of support in 2014. Some noteworthy Social Capital SPACs consist of Clover Health and wellness (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 firm board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, the two companies are opponents. So, Palihapitiya’s involvement in both might position a conflict of rate of interest.
Whether IPOF stock will combine with SpaceX is totally speculative, and absolutely nothing has been validated. There are lots of various other opportunities and also other IPOF target reports in the financier chat rooms.
IPOF stock has actually increased 2.6% in the past five days and is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 till their merger target has actually been named.
SpaceX is the 20-year-old NASA competitor bent on delivering human beings to Mars. It’s likewise championing international satellite broadband protection as well as lunar landers.
Being an Elon Musk business, SpaceX has amassed a cult complying with, as well as its progression is very closely adhered to on social media sites. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.
Nonetheless, the alternate sight is that Musk would like to take SpaceX public using IPO or straight listing over the questionable SPAC path.
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