Click the button below to start exploring our website and learn more about our awesome company
Start exploring

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 shut today at 1.9% over its 52 week low of $9.77, providing the firm a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past year, and down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.

Trading Task

Trading volume today was 57.7% lower than the 20-day average.
Beta, a step of the stock’s volatility about the total market stands at 0.5.
Technical Indicators

The Family Member Strength Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy sign, indicates a downward pattern.
The stock shut below its Bollinger band, indicating it might be oversold.

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

Per Team Relative Performance
The company’s stock cost performance year-to-date lags the peer ordinary by -195.4%.
The business’s stock rate performance over the past 12 months lags the peer ordinary 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 enjoy the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal companies public by means of its unique purpose procurement firms (SPACs), focusing on ingenious as well as dexterous innovation business.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of support in 2014. Some remarkable Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk directing SpaceX, both business are rivals. So, Palihapitiya’s involvement in both might pose a conflict of passion.

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

IPOF stock has actually risen 2.6% in the past five days and is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to hover around $10 until their merger target has actually been called.

SpaceX is the 20-year-old NASA competitor bent on transporting human beings to Mars. It’s also promoting worldwide satellite broadband coverage and also lunar landers.

Being an Elon Musk business, SpaceX has actually amassed a cult adhering to, and also its progress is very closely complied with on social media. It’s consequently certain to be a hotly-tipped IPO when it comes to pass.

Nevertheless, the alternate sight is that Musk would prefer to take SpaceX public via IPO or direct listing over the questionable SPAC path.