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, giving the firm a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past 12 months, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 dropped 0.6%.
Trading volume today was 57.7% less than the 20-day average.
Beta, a step of the stock’s volatility about the overall 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 sign, shows a downward pattern.
The stock closed listed below its Bollinger band, showing it might be oversold.
Market Relative Efficiency
The firm’s share price coincides as the S&P 500 Index, lags it on a 1-year basis, and also delays it on a 5-year basis
The firm’s share price is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, as well as delays it on a 5-year basis
Per Team Comparative Efficiency
The business’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The business’s stock price performance over the past one year lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as financiers delight in the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal firms public via its special purpose purchase companies (SPACs), focusing on innovative and active modern technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of support in 2014. Some significant Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s firm board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk directing SpaceX, the two business are competitors. So, Palihapitiya’s involvement in both may present a dispute of passion.
Whether IPOF stock will certainly combine with SpaceX is simply speculative, and also nothing has actually been confirmed. There are lots of other opportunities and various other IPOF target reports in the investor chat rooms.
IPOF stock has actually climbed 2.6% in the past five days and is up once more pre-market, floating around the $10.30 mark. SPAC stocks often tend to float around $10 until their merger target has actually been named.
SpaceX is the 20-year-old NASA rival intent on moving human beings to Mars. It’s also championing worldwide satellite broadband coverage and lunar landers.
Being an Elon Musk business, SpaceX has accumulated a cult complying with, as well as its progression is closely complied with on social networks. It’s for that reason sure to be a hotly-tipped IPO when it comes to pass.
Nonetheless, the alternative sight is that Musk would certainly like to take SpaceX public by means of IPO or straight listing over the debatable SPAC path.