Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% over its 52 week low of $9.77, providing the company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 dropped 0.6%.
Trading quantity this week was 57.7% less than the 20-day standard.
Beta, a step of the stock’s volatility relative to the overall market stands at 0.5.
The Loved One Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following momentum indication, shows a downward fad.
The stock shut below its Bollinger band, suggesting it may be oversold.
Market Comparative Efficiency
The company’s share price 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 company’s share cost coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and also delays it on a 5-year basis
Per Group Relative Efficiency
The company’s stock cost efficiency year-to-date lags the peer average by -195.4%.
The firm’s stock rate efficiency over the past year lags the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as investors 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 business public by means of its unique function procurement business (SPACs), focusing on cutting-edge as well as agile modern technology business.
Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of favor in 2014. Some notable Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Discarding Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board recently, 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 firms are rivals. So, Palihapitiya’s involvement in both might posture a conflict of interest.
Whether IPOF stock will combine with SpaceX is totally speculative, and also absolutely nothing has actually been confirmed. There are plenty of other opportunities as well as other IPOF target rumors in the capitalist chatrooms.
IPOF stock has actually increased 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 up until their merging target has been called.
SpaceX is the 20-year-old NASA competitor intent on transporting people to Mars. It’s likewise promoting worldwide satellite broadband protection and lunar landers.
Being an Elon Musk company, SpaceX has actually accumulated a cult adhering to, and its progress is carefully complied with on social networks. It’s for that reason certain to be a hotly-tipped IPO when it occurs.
Nonetheless, the different view is that Musk would favor to take SpaceX public through IPO or direct listing over the debatable SPAC path.