Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% above its 52 week low of $9.77, offering the business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.
Trading volume this week was 57.7% less than the 20-day average.
Beta, a step of the stock’s volatility relative to the general market stands at 0.5.
The Relative Toughness Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following momentum indication, suggests a descending trend.
The stock shut listed below its Bollinger band, suggesting it might be oversold.
Market Relative Performance
The company’s share cost coincides 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 cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, as well as delays it on a 5-year basis
Per Group Comparative Performance
The company’s stock rate efficiency year-to-date delays the peer ordinary by -195.4%.
The business’s stock cost efficiency over the past twelve month delays the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The report mill is in overdrive as financiers enjoy the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private companies public via its special function procurement firms (SPACs), focusing on innovative and nimble technology companies.
Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of favor in 2014. Some notable Social Capital SPACs include 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 recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, the two firms are rivals. So, Palihapitiya’s involvement in both might present a conflict of passion.
Whether IPOF stock will certainly combine with SpaceX is purely speculative, and absolutely nothing has been confirmed. There are lots of other possibilities and also various other IPOF target reports in the investor chatrooms.
IPOF stock has actually climbed 2.6% in the past five days and also is up again pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 up until their merging target has been named.
SpaceX is the 20-year-old NASA opponent bent on transferring human beings to Mars. It’s also championing international satellite broadband protection as well as lunar landers.
Being an Elon Musk firm, SpaceX has amassed a cult following, as well as its progress is carefully adhered to on social media sites. It’s consequently certain to be a hotly-tipped IPO when it happens.
Nonetheless, the different view is that Musk would choose to take SpaceX public via IPO or direct listing over the controversial SPAC path.