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 year, as well as down 4.2% over the past 5 years. Today, 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% lower than the 20-day standard.
Beta, a step of the stock’s volatility relative to the general market stands at 0.5.
The Loved One Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following momentum indicator, shows a down trend.
The stock closed listed below its Bollinger band, showing it may be oversold.
Market Relative Efficiency
The company’s share price coincides 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 rate coincides as the Dow Jones Industrial Average, delays it on a 1-year basis, and also delays it on a 5-year basis
Per Team Comparative Efficiency
The business’s stock rate performance year-to-date delays the peer ordinary by -195.4%.
The business’s stock rate performance over the past year lags the peer average by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as financiers cherish the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private firms public through its unique function purchase firms (SPACs), focusing on ingenious and also nimble modern technology business.
Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of favor in 2014. Some noteworthy Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).
Disposing Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board last week, fuelling the rumors 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 might pose a problem of interest.
Whether IPOF stock will certainly merge with SpaceX is totally speculative, and also absolutely nothing has been validated. There are lots of various other opportunities and also other IPOF target reports in the capitalist chatrooms.
IPOF stock has actually risen 2.6% in the past 5 days and is up once more pre-market, hovering around the $10.30 mark. SPAC stocks often tend to hover around $10 up until their merging target has been called.
SpaceX is the 20-year-old NASA competitor bent on carrying humans to Mars. It’s also promoting worldwide satellite broadband coverage and also lunar landers.
Being an Elon Musk firm, SpaceX has generated a cult following, and also its development is very closely adhered to on social networks. It’s as a result sure to be a hotly-tipped IPO when it happens.
Nevertheless, the different sight is that Musk would certainly choose to take SpaceX public through IPO or direct listing over the controversial SPAC route.