Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE closed today at 1.9% above its 52 week low of $9.77, offering 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 down 4.2% over the past five years. Today, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.
Trading volume this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility about the general market stands at 0.5.
The Relative Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy indication, shows a down fad.
The stock shut listed below its Bollinger band, showing it might be oversold.
Market Relative Efficiency
The business’s share cost coincides as the S&P 500 Index, lags it on a 1-year basis, and lags it on a 5-year basis
The business’s share price is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, as well as lags it on a 5-year basis
Per Group Comparative Efficiency
The business’s stock price efficiency year-to-date delays the peer typical by -195.4%.
The business’s stock price efficiency over the past twelve month delays the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The report mill remains in overdrive as capitalists cherish the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private business public via its special function procurement companies (SPACs), focusing on cutting-edge and active modern technology firms.
Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of support last year. Some remarkable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly 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 as well as Elon Musk directing SpaceX, both companies are rivals. So, Palihapitiya’s involvement in both might present a problem of interest.
Whether IPOF stock will certainly merge with SpaceX is purely speculative, and nothing has been verified. There are lots of various other opportunities as well as various other IPOF target reports in the financier chat rooms.
IPOF stock has actually increased 2.6% in the past 5 days and also is up again pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to hover around $10 up until their merging target has actually been named.
SpaceX is the 20-year-old NASA opponent intent on transferring human beings to Mars. It’s additionally promoting global satellite broadband insurance coverage and also lunar landers.
Being an Elon Musk company, SpaceX has actually amassed a cult adhering to, as well as its progress is very closely complied with on social media. It’s for that reason certain to be a hotly-tipped IPO when it happens.
Nevertheless, the alternative view is that Musk would prefer to take SpaceX public via IPO or direct listing over the debatable SPAC course.