IPOF shares closed today at 1.9% over its 52 week low

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, offering the business a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past one year, as well as down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 fell 0.6%.

Trading Activity

Trading volume this week was 57.7% less than the 20-day standard.
Beta, a step of the stock’s volatility relative to the total market stands at 0.5.
Technical Indicators

The Relative Strength Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy indication, indicates a down trend.
The stock closed listed below its Bollinger band, indicating it might be oversold.

Market Comparative Performance
The company’s share rate coincides as the S&P 500 Index, delays 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, lags it on a 1-year basis, as well as lags it on a 5-year basis

Per Group Relative Performance
The business’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The company’s stock rate efficiency over the past year lags the peer typical by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merging Report.
By Kirsteen Mackay.

February 23rd, 2022.
The report mill is in overdrive as financiers relish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private business public by means of its special objective acquisition companies (SPACs), concentrating on ingenious as well as agile technology firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of favor in 2014. Some notable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Dumping Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both companies are competitors. So, Palihapitiya’s involvement in both may position a dispute of rate of interest.

Whether IPOF stock will combine with SpaceX is purely speculative, as well as absolutely nothing has been validated. There are a lot of other opportunities and also various other IPOF target rumors in the investor chatrooms.

IPOF stock has risen 2.6% in the past 5 days and is up once more pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 until their merger target has been named.

SpaceX is the 20-year-old NASA opponent intent on moving human beings to Mars. It’s also championing international satellite broadband insurance coverage and also lunar landers.

Being an Elon Musk company, SpaceX has generated a cult complying with, and its progress is closely complied with on social networks. It’s therefore certain to be a hotly-tipped IPO when it occurs.

Nevertheless, the different view is that Musk would prefer to take SpaceX public via IPO or straight listing over the questionable SPAC route.