IPOF shares shut today at 1.9% above its 52 week low
Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE closed today at 1.9% above its 52 week low of $9.77, giving the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 fell 0.6%.
Trading volume this week was 57.7% less than the 20-day average.
Beta, a procedure of the stock’s volatility relative to the total market stands at 0.5.
The Family Member Stamina Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following momentum indicator, indicates a down fad.
The stock closed listed below its Bollinger band, showing it might be oversold.
Market Relative Performance
The firm’s share cost is the same as the S&P 500 Index, lags it on a 1-year basis, as well as delays it on a 5-year basis
The business’s share rate coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, as well as lags it on a 5-year basis
Per Team Comparative Efficiency
The firm’s stock cost performance year-to-date delays the peer average by -195.4%.
The business’s stock cost efficiency over the past one year lags the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The report mill remains in overdrive as investors delight in the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal companies public via its special function procurement firms (SPACs), focusing on ingenious as well as agile innovation firms.
Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2015. 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 suddenly stepped down from Virgin Galactic’s firm board last week, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk directing SpaceX, the two firms are competitors. So, Palihapitiya’s involvement in both might posture a conflict of passion.
Whether IPOF stock will combine with SpaceX is purely speculative, and also absolutely nothing has been verified. There are lots of various other possibilities and other IPOF target reports in the financier chat rooms.
IPOF stock has actually risen 2.6% in the past five days and also is up once more pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 until their merger target has been called.
SpaceX is the 20-year-old NASA competitor bent on moving humans to Mars. It’s likewise championing global satellite broadband insurance coverage and also lunar landers.
Being an Elon Musk firm, SpaceX has collected a cult adhering to, and its development is carefully followed on social media sites. It’s for that reason sure to be a hotly-tipped IPO when it happens.
Nonetheless, the alternative view is that Musk would certainly choose to take SpaceX public via IPO or straight listing over the questionable SPAC route.