IPOF shares shut today at 1.9% over its 52 week low

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 currently down 2.7% year-to-date, down 36.2% over the past one year, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity this week was 57.7% lower than the 20-day standard.
Beta, an action of the stock’s volatility relative to the total market stands at 0.5.
Technical Indicators

The Relative Stamina Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following momentum sign, suggests a down trend.
The stock shut listed below its Bollinger band, showing it may be oversold.

Market Relative Efficiency
The firm’s share cost coincides as the S&P 500 Index, lags it on a 1-year basis, and also delays it on a 5-year basis
The company’s share cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and lags it on a 5-year basis

Per Team Relative Performance
The business’s stock rate efficiency year-to-date lags the peer average by -195.4%.
The firm’s stock price efficiency over the past one year delays the peer average by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merging Report.
By Kirsteen Mackay.

February 23rd, 2022.
The rumor mill remains in overdrive as financiers cherish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private business public using its unique function procurement firms (SPACs), focusing on ingenious and also agile modern technology companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet fell out of support last year. Some significant Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s firm board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, the two companies are rivals. So, Palihapitiya’s involvement in both might pose a conflict of passion.

Whether IPOF stock will certainly combine with SpaceX is simply speculative, and nothing has actually been verified. There are plenty of other opportunities and various other IPOF target rumors in the capitalist chatrooms.

IPOF stock has actually climbed 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merging target has been called.

SpaceX is the 20-year-old NASA rival bent on transferring humans to Mars. It’s additionally championing worldwide satellite broadband coverage and also lunar landers.

Being an Elon Musk business, SpaceX has actually collected a cult adhering to, and its progression is carefully followed on social media sites. It’s as a result certain to be a hotly-tipped IPO when it occurs.

However, the alternate view is that Musk would certainly like to take SpaceX public using IPO or straight listing over the controversial SPAC path.

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