Posted on February 28, 2022
IPOF shares shut today at 1.9% above its 52 week low
Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V closed today at 1.9% over its 52 week low of $9.77, providing the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, and down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 dropped 0.6%.
Trading quantity this week was 57.7% lower than the 20-day average.
Beta, a step of the stock’s volatility about the overall market stands at 0.5.
The Relative Toughness Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following energy indication, shows a downward trend.
The stock shut below its Bollinger band, suggesting it may be oversold.
Market Comparative Performance
The company’s share cost is the same as the S&P 500 Index, delays it on a 1-year basis, as well as lags it on a 5-year basis
The company’s share price is the same as the Dow Jones Industrial Average, lags it on a 1-year basis, as well as lags it on a 5-year basis
Per Team Comparative Performance
The company’s stock price performance year-to-date delays the peer average by -195.4%.
The business’s stock cost efficiency over the past twelve month delays the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The report mill remains in overdrive as capitalists enjoy the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive business public using its special objective procurement firms (SPACs), focusing on ingenious as well as active modern technology firms.
Chamath Palihapitiya’s SPACs were valuable in 2020 but befalled of support in 2015. Some notable Social Capital SPACs include Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board last week, sustaining the reports 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 firms are competitors. So, Palihapitiya’s participation in both might position a conflict of interest.
Whether IPOF stock will merge with SpaceX is simply speculative, and absolutely nothing has been verified. There are plenty of various other possibilities as well as various other IPOF target reports in the investor chatrooms.
IPOF stock has actually risen 2.6% in the past five days and is up once more pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to hover around $10 up until their merging target has actually been called.
SpaceX is the 20-year-old NASA opponent intent on moving humans to Mars. It’s likewise promoting worldwide satellite broadband protection and also lunar landers.
Being an Elon Musk firm, SpaceX has generated a cult following, and also its progress is very closely complied with on social media sites. It’s as a result certain to be a hotly-tipped IPO when it happens.
Nevertheless, the alternate view is that Musk would prefer to take SpaceX public via IPO or direct listing over the controversial SPAC path.