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, offering the firm 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 the S&P 500 fell 0.6%.
Trading quantity this week was 57.7% lower than the 20-day average.
Beta, a step of the stock’s volatility about the general market stands at 0.5.
The Loved One Stamina Index (RSI) on the stock was in between 30 and also 70.
MACD, a trend-following energy sign, indicates a descending trend.
The stock closed 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 company’s share price is the same as the Dow Jones Industrial Standard, delays it on a 1-year basis, as well as delays it on a 5-year basis
Per Team Relative Performance
The firm’s stock price performance year-to-date lags the peer typical by -195.4%.
The firm’s stock rate efficiency over the past 12 months delays the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as investors relish the thought 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 exclusive firms public using its special objective acquisition business (SPACs), focusing on innovative and also agile technology business.
Chamath Palihapitiya’s SPACs were hot property in 2020 but fell out of favor in 2015. Some noteworthy Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board last week, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk heading up SpaceX, both companies are competitors. So, Palihapitiya’s involvement in both might posture a dispute of passion.
Whether IPOF stock will combine with SpaceX is simply speculative, as well as absolutely nothing has been verified. There are plenty of other opportunities as well as various other IPOF target reports in the investor chatrooms.
IPOF stock has actually risen 2.6% in the past five days and also is up once more pre-market, hovering around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merger target has actually been called.
SpaceX is the 20-year-old NASA competitor intent on moving human beings to Mars. It’s additionally championing global satellite broadband coverage and also lunar landers.
Being an Elon Musk firm, SpaceX has actually collected a cult complying with, and its progression is carefully complied with on social networks. It’s for that reason sure to be a hotly-tipped IPO when it comes to pass.
However, the alternative view is that Musk would prefer to take SpaceX public through IPO or direct listing over the debatable SPAC course.