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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V closed today at 1.9% above its 52 week low of $9.77, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity this week was 57.7% less than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators

The Family Member Toughness Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a descending pattern.
The stock shut below its Bollinger band, indicating it might be oversold.

Market Comparative Efficiency
The firm’s share price coincides as the S&P 500 Index, delays it on a 1-year basis, as well as lags it on a 5-year basis
The business’s share price 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 Team Relative Performance
The firm’s stock rate performance year-to-date lags the peer average by -195.4%.
The business’s stock price performance over the past one year lags the peer average by -377.7%.

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

February 23rd, 2022.
The rumor mill is in overdrive as capitalists relish the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private firms public by means of its special function purchase firms (SPACs), focusing on innovative and also dexterous technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 however fell out of favor in 2015. Some remarkable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s company board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk directing SpaceX, the two firms are rivals. So, Palihapitiya’s involvement in both may pose a dispute of passion.

Whether IPOF stock will certainly merge with SpaceX is simply speculative, and absolutely nothing has been validated. There are a lot of other possibilities and other IPOF target rumors in the capitalist chat rooms.

IPOF stock has actually climbed 2.6% in the past five days and is up once again pre-market, floating around the $10.30 mark. SPAC stocks often tend to float around $10 up until their merging target has been called.

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

Being an Elon Musk firm, SpaceX has actually generated a cult adhering to, as well as its progression is closely followed on social media. It’s as a result sure to be a hotly-tipped IPO when it occurs.

Nonetheless, the alternative sight is that Musk would like to take SpaceX public through IPO or straight listing over the debatable SPAC course.

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