Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% over its 52 week low of $9.77, giving the firm 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 volume this week was 57.7% less than the 20-day average.
Beta, an action of the stock’s volatility about the overall market stands at 0.5.
The Loved One Toughness Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following energy indication, indicates a down pattern.
The stock shut listed below its Bollinger band, showing it may 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 coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, as well as lags it on a 5-year basis
Per Group Relative Performance
The firm’s stock cost performance year-to-date delays the peer average by -195.4%.
The firm’s stock rate performance over the past one year lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as financiers enjoy 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 private companies public using its unique objective procurement business (SPACs), focusing on innovative and dexterous technology business.
Chamath Palihapitiya’s SPACs were valuable in 2020 however fell out of favor in 2015. Some noteworthy Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya quickly 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 also Elon Musk directing SpaceX, both companies are opponents. So, Palihapitiya’s participation in both might pose a problem of passion.
Whether IPOF stock will certainly merge with SpaceX is purely speculative, and also absolutely nothing has actually been validated. There are lots of other opportunities and various other IPOF target rumors in the capitalist chat rooms.
IPOF stock has actually increased 2.6% in the past 5 days as well as is up again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merging target has been called.
SpaceX is the 20-year-old NASA opponent intent on delivering human beings to Mars. It’s likewise promoting international satellite broadband protection as well as lunar landers.
Being an Elon Musk business, SpaceX has actually amassed a cult complying with, as well as its development is carefully followed on social networks. It’s as a result sure to be a hotly-tipped IPO when it occurs.
Nevertheless, the alternative view is that Musk would like to take SpaceX public by means of IPO or straight listing over the debatable SPAC path.