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 currently down 2.7% year-to-date, down 36.2% over the past 12 months, and also down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.
Trading volume this week was 57.7% less than the 20-day average.
Beta, an action of the stock’s volatility relative to the total market stands at 0.5.
The Family Member Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indication, suggests a down trend.
The stock shut listed below its Bollinger band, indicating it may be oversold.
Market Relative Efficiency
The firm’s share rate 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 firm’s share rate is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, and also delays it on a 5-year basis
Per Team Relative Efficiency
The firm’s stock cost efficiency year-to-date delays the peer typical by -195.4%.
The business’s stock price performance over the past twelve month delays the peer ordinary by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as investors enjoy the thought of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most up to date round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes personal companies public using its special function procurement companies (SPACs), focusing on cutting-edge and also nimble modern technology companies.
Chamath Palihapitiya’s SPACs were valuable in 2020 yet befalled of favor in 2015. Some notable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).
Discarding Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, both companies are competitors. So, Palihapitiya’s involvement in both may pose a dispute of rate of interest.
Whether IPOF stock will combine with SpaceX is totally speculative, as well as nothing has actually been validated. There are lots of various other possibilities and various other IPOF target rumors in the financier chat rooms.
IPOF stock has actually risen 2.6% in the past 5 days and is up once again pre-market, hovering around the $10.30 mark. SPAC stocks tend to float around $10 up until their merging target has actually been called.
SpaceX is the 20-year-old NASA opponent bent on transferring people to Mars. It’s also promoting global satellite broadband protection and also lunar landers.
Being an Elon Musk company, SpaceX has actually amassed a cult following, and also its progression is very closely complied with on social networks. It’s for that reason certain to be a hotly-tipped IPO when it happens.
Nevertheless, the alternative view is that Musk would certainly favor to take SpaceX public through IPO or straight listing over the debatable SPAC route.