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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock shut today at 1.9% over 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 one year, and down 4.2% over the past five years. Today, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 dropped 0.6%.

Trading Activity

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

The Relative Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following momentum sign, indicates a descending pattern.
The stock shut listed below its Bollinger band, indicating it may be oversold.

Market Relative Performance
The company’s share cost coincides as the S&P 500 Index, delays it on a 1-year basis, and also delays it on a 5-year basis
The company’s share cost coincides as the Dow Jones Industrial Average, lags it on a 1-year basis, and lags it on a 5-year basis

Per Group Comparative Performance
The company’s stock cost performance year-to-date delays the peer typical by -195.4%.
The company’s stock rate efficiency over the past one year delays the peer typical by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) goes through the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private companies public through its special purpose purchase business (SPACs), focusing on cutting-edge and active innovation firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of favor last year. Some noteworthy Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board last week, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, the two business are competitors. So, Palihapitiya’s involvement in both may position a problem of interest.

Whether IPOF stock will combine with SpaceX is totally speculative, and also absolutely nothing has actually been validated. There are plenty of various other possibilities as well as other IPOF target reports in the capitalist chatrooms.

IPOF stock has actually climbed 2.6% in the past 5 days as well as is up once more pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merging target has actually been called.

SpaceX is the 20-year-old NASA competitor intent on moving human beings to Mars. It’s additionally championing global satellite broadband protection and also lunar landers.

Being an Elon Musk firm, SpaceX has actually amassed a cult adhering to, and its progression is carefully followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it occurs.

However, the alternative view is that Musk would choose to take SpaceX public via IPO or straight listing over the questionable SPAC course.