Home » Markets » IPOF shares closed today at 1.9% above its 52 week low

IPOF shares closed today at 1.9% above its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE closed today at 1.9% over 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 12 months, and also down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 fell 0.6%.

Trading Activity

Trading quantity today was 57.7% less than the 20-day standard.
Beta, a step of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators

The Relative Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy indication, shows a descending trend.
The stock closed listed below its Bollinger band, suggesting it may be oversold.

Market Comparative Efficiency
The business’s share rate coincides as the S&P 500 Index, lags it on a 1-year basis, and lags it on a 5-year basis
The business’s share price coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and lags it on a 5-year basis

Per Team Comparative Efficiency
The company’s stock rate performance year-to-date delays the peer average by -195.4%.
The firm’s stock price efficiency over the past twelve month 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 investors enjoy the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes exclusive firms public through its unique objective procurement firms (SPACs), concentrating on ingenious and active technology companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 but fell out of support last year. Some notable Social Capital SPACs consist of Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Discarding Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s firm board recently, 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 opponents. So, Palihapitiya’s participation in both might position a dispute of rate of interest.

Whether IPOF stock will merge with SpaceX is totally speculative, and also nothing has actually been verified. There are plenty of various other possibilities as well as various other IPOF target rumors in the investor chat rooms.

IPOF stock has climbed 2.6% in the past 5 days and also is up once more pre-market, floating around the $10.30 mark. SPAC stocks tend to float around $10 till their merger target has actually been called.

SpaceX is the 20-year-old NASA opponent bent on transporting human beings to Mars. It’s also promoting worldwide satellite broadband coverage and lunar landers.

Being an Elon Musk company, SpaceX has amassed a cult complying with, as well as its development is carefully followed on social media sites. It’s for that reason sure to be a hotly-tipped IPO when it occurs.

Nonetheless, the alternative sight is that Musk would prefer to take SpaceX public via IPO or straight listing over the controversial SPAC route.