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 company a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, as well as down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.
Trading quantity this week was 57.7% less than the 20-day average.
Beta, a measure of the stock’s volatility relative to the total market stands at 0.5.
The Family Member Stamina Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following momentum indication, indicates a descending pattern.
The stock shut listed below its Bollinger band, showing it might be oversold.
Market Comparative Efficiency
The company’s share cost is the same 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 is the same as the Dow Jones Industrial Average, lags it on a 1-year basis, as well as delays it on a 5-year basis
Per Group Comparative Efficiency
The firm’s stock cost performance year-to-date lags the peer typical by -195.4%.
The business’s stock price efficiency over the past 12 months delays the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as financiers relish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private companies public via its special function procurement companies (SPACs), concentrating on innovative and also agile modern technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of support in 2015. Some remarkable Social Capital SPACs include Clover Health (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 company board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk directing SpaceX, the two business are rivals. So, Palihapitiya’s involvement in both might pose a dispute of rate of interest.
Whether IPOF stock will certainly combine with SpaceX is purely speculative, and absolutely nothing has actually been verified. There are plenty of other opportunities and also various other IPOF target rumors in the financier chat rooms.
IPOF stock has increased 2.6% in the past 5 days as well as is up once more pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to float around $10 till their merger target has actually been called.
SpaceX is the 20-year-old NASA competitor bent on transporting humans to Mars. It’s additionally championing worldwide satellite broadband protection as well as lunar landers.
Being an Elon Musk firm, SpaceX has actually collected a cult adhering to, and also its progress is very closely adhered to on social media. It’s consequently sure to be a hotly-tipped IPO when it comes to pass.
Nonetheless, the different sight is that Musk would certainly choose to take SpaceX public using IPO or straight listing over the questionable SPAC path.