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, giving 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, 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 volume today was 57.7% lower than the 20-day average.
Beta, a procedure of the stock’s volatility relative to the overall market stands at 0.5.
The Family Member Toughness Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy indicator, suggests a downward trend.
The stock closed listed below its Bollinger band, suggesting it might be oversold.
Market Relative Performance
The business’s share rate 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 cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and delays it on a 5-year basis
Per Group Relative Efficiency
The business’s stock rate efficiency year-to-date lags the peer average by -195.4%.
The company’s stock price efficiency over the past year lags the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as investors cherish the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the current round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive companies public using its special objective procurement companies (SPACs), concentrating on ingenious as well as nimble modern technology firms.
Chamath Palihapitiya’s SPACs were valuable in 2020 but befalled of favor in 2015. Some notable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk heading up SpaceX, both business are competitors. So, Palihapitiya’s participation in both might present a problem of rate of interest.
Whether IPOF stock will certainly merge with SpaceX is simply speculative, as well as nothing has been verified. 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 and is up once again pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 until their merging target has been called.
SpaceX is the 20-year-old NASA opponent bent on delivering humans to Mars. It’s additionally championing international satellite broadband coverage and lunar landers.
Being an Elon Musk company, SpaceX has actually amassed a cult adhering to, as well as its progression is very closely complied with on social networks. It’s as a result sure to be a hotly-tipped IPO when it comes to pass.
However, the different view is that Musk would prefer to take SpaceX public using IPO or straight listing over the controversial SPAC course.