IPOF shares closed today at 1.9% above its 52 week low

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, offering the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past 12 months, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.

Trading Task

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

The Relative Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy sign, indicates a downward trend.
The stock closed listed below its Bollinger band, suggesting it may be oversold.

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

Per Group Comparative Performance
The firm’s stock cost performance year-to-date lags the peer average by -195.4%.
The business’s stock rate efficiency over the past year lags the peer ordinary by -377.7%.

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

February 23rd, 2022.
The rumor mill remains in overdrive as financiers delight in the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal business public using its unique objective purchase business (SPACs), focusing on cutting-edge as well as dexterous innovation firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of support last year. Some notable Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

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

Whether IPOF stock will certainly merge with SpaceX is simply speculative, and absolutely nothing has actually been verified. There are plenty of other possibilities and other IPOF target reports in the capitalist chat rooms.

IPOF stock has actually increased 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to float around $10 up until their merger target has actually been called.

SpaceX is the 20-year-old NASA rival intent on moving human beings to Mars. It’s likewise promoting worldwide satellite broadband protection as well as lunar landers.

Being an Elon Musk firm, SpaceX has accumulated a cult following, and its development is very closely complied with on social media sites. It’s for that reason certain to be a hotly-tipped IPO when it occurs.

Nonetheless, the alternate view is that Musk would certainly like to take SpaceX public through IPO or direct listing over the questionable SPAC path.

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