Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% above its 52 week low of $9.77, giving the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past twelve month, as well as down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, and also the S&P 500 dropped 0.6%.
Trading volume this week was 57.7% less than the 20-day standard.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
The Family Member Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy sign, shows a down pattern.
The stock closed below its Bollinger band, showing it might be oversold.
Market Relative Efficiency
The firm’s share cost coincides 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 is the same as the Dow Jones Industrial Average, lags it on a 1-year basis, and also lags it on a 5-year basis
Per Group Relative Efficiency
The company’s stock rate performance year-to-date delays the peer typical by -195.4%.
The firm’s stock price performance 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 remains in overdrive as capitalists cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private firms public through its unique purpose purchase firms (SPACs), focusing on ingenious and also nimble innovation firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of support last year. Some noteworthy Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board last week, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, both firms are opponents. So, Palihapitiya’s participation in both may present a dispute of interest.
Whether IPOF stock will certainly combine with SpaceX is purely speculative, and nothing has actually been validated. There are lots of other possibilities and various other IPOF target rumors in the financier chatrooms.
IPOF stock has risen 2.6% in the past five days as well as is up again pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 up until their merging target has been called.
SpaceX is the 20-year-old NASA rival bent on transferring human beings 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 its progression is closely followed on social media. It’s consequently certain to be a hotly-tipped IPO when it happens.
However, the alternative view is that Musk would favor to take SpaceX public by means of IPO or direct listing over the debatable SPAC route.