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% above 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 also down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 dropped 0.6%.

Trading Task

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

The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following energy sign, suggests a down pattern.
The stock shut below its Bollinger band, showing it might be oversold.

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

Per Team Comparative Performance
The business’s stock rate efficiency year-to-date lags the peer ordinary by -195.4%.
The company’s stock rate efficiency over the past one year delays the peer ordinary by -377.7%.

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

February 23rd, 2022.
The rumor mill is in overdrive as investors enjoy 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 using its unique function acquisition firms (SPACs), focusing on ingenious and dexterous innovation business.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2015. Some remarkable Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, both firms are competitors. So, Palihapitiya’s involvement in both might present a conflict of rate of interest.

Whether IPOF stock will certainly merge with SpaceX is purely speculative, and also absolutely nothing has been validated. There are lots of other possibilities and various other IPOF target rumors in the capitalist chat rooms.

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

SpaceX is the 20-year-old NASA opponent bent on transporting humans to Mars. It’s likewise promoting international satellite broadband protection and lunar landers.

Being an Elon Musk company, SpaceX has collected a cult following, and also its progression is very closely adhered to on social media sites. It’s as a result certain to be a hotly-tipped IPO when it happens.

Nonetheless, the different sight is that Musk would certainly favor to take SpaceX public using IPO or direct listing over the controversial SPAC route.

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