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, giving the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.
Trading volume this week was 57.7% less than the 20-day standard.
Beta, a procedure of the stock’s volatility about the general market stands at 0.5.
The Relative Stamina Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indicator, shows a down fad.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The firm’s share price coincides as the S&P 500 Index, delays it on a 1-year basis, and also delays it on a 5-year basis
The company’s share cost coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, and delays it on a 5-year basis
Per Group Relative Performance
The business’s stock rate efficiency year-to-date lags the peer typical by -195.4%.
The firm’s stock price efficiency over the past twelve month delays the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.
February 23rd, 2022.
The report mill is in overdrive as capitalists delight in 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 companies public by means of its special function purchase companies (SPACs), concentrating on innovative and active technology firms.
Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of favor in 2014. Some noteworthy Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).
Dumping Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board last week, 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 companies are rivals. So, Palihapitiya’s involvement in both might present a conflict of passion.
Whether IPOF stock will certainly combine with SpaceX is simply speculative, and also absolutely nothing has been verified. There are plenty of other possibilities and also various other IPOF target reports in the investor chatrooms.
IPOF stock has climbed 2.6% in the past 5 days and is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to float around $10 till their merger target has actually been called.
SpaceX is the 20-year-old NASA competitor intent on delivering people to Mars. It’s also championing international satellite broadband coverage and also lunar landers.
Being an Elon Musk company, SpaceX has actually amassed a cult following, as well as its progression is very closely followed on social networks. It’s consequently certain to be a hotly-tipped IPO when it happens.
Nevertheless, the different sight is that Musk would prefer to take SpaceX public using IPO or straight listing over the questionable SPAC path.