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, providing 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 five years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 dropped 0.6%.
Trading Activity
Trading volume this week 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 Relative Toughness Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following energy sign, suggests a downward trend.
The stock closed listed below its Bollinger band, indicating it might be oversold.
Market Relative Performance
The business’s share price 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 firm’s share cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and delays it on a 5-year basis
Per Team Comparative Performance
The firm’s stock cost performance year-to-date lags the peer average by -195.4%.
The company’s stock rate efficiency over the past twelve month delays the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
Share:.
The report mill remains in overdrive as financiers delight in the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the current round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal firms public through its special objective procurement business (SPACs), focusing on cutting-edge as well as nimble innovation companies.
Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of support in 2015. 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).
Disposing Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, both business are competitors. So, Palihapitiya’s participation in both might position a dispute of interest.
Whether IPOF stock will certainly merge with SpaceX is purely speculative, and also absolutely nothing has actually been verified. There are plenty of various other possibilities as well as other IPOF target rumors in the financier chatrooms.
IPOF stock has actually climbed 2.6% in the past five days and also is up once more pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 until their merger target has actually been named.
SpaceX is the 20-year-old NASA competitor bent on transporting humans to Mars. It’s additionally promoting worldwide satellite broadband coverage and lunar landers.
Being an Elon Musk company, SpaceX has accumulated a cult complying with, and its progression is carefully complied with on social media. It’s therefore certain to be a hotly-tipped IPO when it happens.
Nonetheless, the alternative view is that Musk would favor to take SpaceX public through IPO or straight listing over the controversial SPAC path.
