Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V shut 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 twelve month, as well as down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.
Trading Task
Trading volume today was 57.7% less than the 20-day average.
Beta, a measure of the stock’s volatility about the general market stands at 0.5.
Technical Indicators
The Relative Stamina Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following momentum indication, indicates a downward fad.
The stock shut listed below its Bollinger band, showing it may be oversold.
Market Relative Efficiency
The business’s share cost is the same as the S&P 500 Index, lags it on a 1-year basis, and delays it on a 5-year basis
The company’s share cost is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, and also delays it on a 5-year basis
Per Group Relative Performance
The company’s stock price efficiency year-to-date lags the peer ordinary by -195.4%.
The company’s stock cost efficiency over the past one year lags the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
Share:.
The report mill remains in overdrive as financiers enjoy the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal firms public using its unique function purchase business (SPACs), focusing on innovative and also nimble technology business.
Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of support last year. Some noteworthy Social Capital SPACs include Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s company board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk heading up SpaceX, the two business are opponents. So, Palihapitiya’s involvement in both may present a conflict of interest.
Whether IPOF stock will merge with SpaceX is totally speculative, and also nothing has been verified. There are plenty of other possibilities and also various other IPOF target reports in the capitalist chat rooms.
IPOF stock has actually climbed 2.6% in the past five days and is up again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to float around $10 till their merger target has actually been named.
SpaceX is the 20-year-old NASA rival bent on transporting human beings to Mars. It’s also promoting global satellite broadband coverage and lunar landers.
Being an Elon Musk company, SpaceX has accumulated a cult complying with, and its progression is very closely complied with on social networks. It’s therefore sure to be a hotly-tipped IPO when it occurs.
However, the alternative sight is that Musk would certainly like to take SpaceX public through IPO or direct listing over the controversial SPAC course.
