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

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

Trading Task

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

The Loved One Strength Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indication, indicates a descending pattern.
The stock shut below its Bollinger band, indicating it may be oversold.

Market Comparative Efficiency
The firm’s share price is the same as the S&P 500 Index, lags it on a 1-year basis, and also 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 delays it on a 5-year basis

Per Team Relative Efficiency
The firm’s stock price performance year-to-date delays the peer ordinary by -195.4%.
The company’s stock rate 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 remains in overdrive as capitalists delight in the idea 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 exclusive business public using its unique function purchase firms (SPACs), focusing on innovative and active technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of support in 2015. Some remarkable Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and 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 in charge of Virgin Galactic and Elon Musk heading up SpaceX, the two business are competitors. So, Palihapitiya’s involvement in both might position a conflict of interest.

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

IPOF stock has increased 2.6% in the past five days as well as is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 up until their merging target has been named.

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

Being an Elon Musk firm, SpaceX has accumulated a cult following, as well as its development is closely adhered to on social media. It’s consequently sure to be a hotly-tipped IPO when it occurs.

Nevertheless, the different view is that Musk would certainly like to take SpaceX public by means of IPO or direct listing over the controversial SPAC course.