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 business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past year, and also 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 Task

Trading quantity today 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.
Technical Indicators

The Loved One Strength Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following energy indicator, shows a downward pattern.
The stock closed listed below its Bollinger band, indicating it may be oversold.

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

Per Team Relative Efficiency
The company’s stock rate efficiency year-to-date delays the peer typical by -195.4%.
The business’s stock cost efficiency over the past twelve month lags the peer ordinary by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.

February 23rd, 2022.
The report mill is in overdrive as investors delight in the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive companies public through its special objective purchase firms (SPACs), concentrating on cutting-edge and active innovation business.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of favor in 2014. Some significant Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk directing SpaceX, both business are competitors. So, Palihapitiya’s participation in both might present a conflict of rate of interest.

Whether IPOF stock will certainly merge with SpaceX is purely speculative, as well as nothing has been validated. There are lots of various other opportunities as well as various other IPOF target reports in the investor chat rooms.

IPOF stock has risen 2.6% in the past 5 days and also is up again pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merging target has been called.

SpaceX is the 20-year-old NASA competitor bent on delivering human beings to Mars. It’s likewise promoting worldwide satellite broadband coverage and also lunar landers.

Being an Elon Musk firm, SpaceX has actually accumulated a cult complying with, as well as its progress is closely followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.

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