Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% above its 52 week low of $9.77, offering the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 fell 0.6%.

Trading Task

Trading quantity this week was 57.7% lower than the 20-day average.
Beta, an action of the stock’s volatility about the overall market stands at 0.5.
Technical Indicators

The Loved One Toughness Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following momentum indication, shows a down pattern.
The stock shut below its Bollinger band, showing it may be oversold.

Market Comparative Efficiency
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 Average, delays it on a 1-year basis, and delays it on a 5-year basis

Per Team Comparative Performance
The company’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The firm’s stock price performance over the past 12 months delays the peer ordinary by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
By Kirsteen Mackay.

February 23rd, 2022.
The report mill is in overdrive as capitalists delight in the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive firms public using its special purpose acquisition firms (SPACs), focusing on cutting-edge as well as nimble technology firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 but befalled of support in 2015. Some noteworthy Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s company board last week, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s participation in both might position a dispute of passion.

Whether IPOF stock will combine with SpaceX is simply speculative, and nothing has been validated. There are lots of various other possibilities and various other IPOF target reports in the investor chat rooms.

IPOF stock has actually risen 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merging target has been named.

SpaceX is the 20-year-old NASA competitor intent on carrying humans to Mars. It’s likewise promoting international satellite broadband coverage as well as lunar landers.

Being an Elon Musk company, SpaceX has accumulated a cult following, as well as its progress is closely complied with on social networks. It’s consequently certain to be a hotly-tipped IPO when it occurs.

Nevertheless, the different view is that Musk would choose to take SpaceX public by means of IPO or direct listing over the debatable SPAC course.