Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V closed today at 1.9% above its 52 week low of $9.77, providing the business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 dropped 0.6%.
Trading quantity this week was 57.7% lower than the 20-day average.
Beta, a procedure of the stock’s volatility about the general market stands at 0.5.
The Family Member Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indicator, suggests a down pattern.
The stock closed listed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The business’s share price 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 coincides as the Dow Jones Industrial Average, lags it on a 1-year basis, as well as lags it on a 5-year basis
Per Team Relative Efficiency
The business’s stock cost efficiency year-to-date delays the peer ordinary by -195.4%.
The business’s stock cost performance over the past twelve month lags the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill remains in overdrive as financiers cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) goes through the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive business public using its special objective procurement firms (SPACs), concentrating on innovative as well as nimble modern technology companies.
Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of support in 2014. Some notable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).
Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s involvement in both may posture a problem of passion.
Whether IPOF stock will certainly merge with SpaceX is totally speculative, and absolutely nothing has actually been confirmed. There are lots of other possibilities and also other IPOF target reports in the investor chat rooms.
IPOF stock has actually increased 2.6% in the past five days and is up once more pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to float around $10 until their merger target has actually been called.
SpaceX is the 20-year-old NASA rival bent on transferring humans to Mars. It’s likewise promoting worldwide satellite broadband insurance coverage and also lunar landers.
Being an Elon Musk company, SpaceX has amassed a cult following, and its progress is closely adhered to on social networks. It’s for that reason sure to be a hotly-tipped IPO when it comes to pass.
However, the alternate sight is that Musk would certainly like to take SpaceX public using IPO or direct listing over the debatable SPAC path.