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 shut today at 1.9% above its 52 week low of $9.77, offering the business 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 five years. This week, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 fell 0.6%.

Trading Task

Trading quantity today was 57.7% less than the 20-day standard.
Beta, a procedure of the stock’s volatility about the total market stands at 0.5.
Technical Indicators

The Family Member Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following energy sign, indicates a down trend.
The stock shut below its Bollinger band, showing it might be oversold.

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

Per Group Comparative Performance
The firm’s stock cost performance year-to-date delays the peer typical by -195.4%.
The firm’s stock cost performance over the past twelve month lags 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 investors cherish the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal business public via its special purpose acquisition firms (SPACs), concentrating on ingenious and agile technology firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of support last year. Some notable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, the two companies are competitors. So, Palihapitiya’s involvement in both might position a problem of passion.

Whether IPOF stock will certainly combine with SpaceX is purely speculative, and also nothing has actually been verified. There are lots of various other opportunities and also other IPOF target reports in the investor chatrooms.

IPOF stock has actually risen 2.6% in the past five days as well as is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to float around $10 till their merger target has been named.

SpaceX is the 20-year-old NASA rival intent on moving humans to Mars. It’s also championing worldwide satellite broadband insurance coverage as well as lunar landers.

Being an Elon Musk company, SpaceX has actually collected a cult following, and its progress is closely complied with on social media. It’s as a result sure to be a hotly-tipped IPO when it happens.

Nevertheless, the different sight is that Musk would certainly like to take SpaceX public using IPO or direct listing over the controversial SPAC path.