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, providing the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, as well as down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 dropped 0.6%.
Trading Activity
Trading quantity this week was 57.7% lower than the 20-day standard.
Beta, an action of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators
The Loved One Toughness Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following energy indicator, indicates a down fad.
The stock shut below its Bollinger band, indicating it might be oversold.
Market Relative Efficiency
The company’s share cost is the same as the S&P 500 Index, delays it on a 1-year basis, as well as delays it on a 5-year basis
The firm’s share rate is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, and also delays it on a 5-year basis
Per Group Relative Efficiency
The business’s stock rate efficiency year-to-date lags the peer typical by -195.4%.
The firm’s stock price performance over the past twelve month lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
Share:.
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 personal firms public through its special purpose acquisition business (SPACs), focusing on cutting-edge as well as agile modern technology companies.
Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2015. Some noteworthy 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 business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, the two firms are rivals. So, Palihapitiya’s participation in both may position a dispute of interest.
Whether IPOF stock will certainly merge with SpaceX is simply speculative, and absolutely nothing has been confirmed. There are plenty of various other opportunities as well as other IPOF target reports in the financier chatrooms.
IPOF stock has risen 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 until their merging target has been called.
SpaceX is the 20-year-old NASA competitor bent on delivering humans to Mars. It’s additionally championing global satellite broadband coverage and lunar landers.
Being an Elon Musk business, SpaceX has collected a cult adhering to, as well as its progression is carefully adhered to on social media sites. It’s therefore certain to be a hotly-tipped IPO when it comes to pass.
Nevertheless, the alternate sight is that Musk would certainly choose to take SpaceX public via IPO or straight listing over the controversial SPAC route.
