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, giving the company a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past 12 months, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 fell 0.6%.

Trading Activity

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

The Loved One Stamina Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum sign, suggests a downward fad.
The stock closed below its Bollinger band, showing it may be oversold.

Market Relative Performance
The firm’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 price coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, and lags it on a 5-year basis

Per Team Comparative Performance
The company’s stock cost performance year-to-date delays the peer typical by -195.4%.
The business’s stock rate performance over the past 12 months lags the peer typical 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 delight in the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the current round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private companies public by means of its special function procurement business (SPACs), concentrating on innovative and nimble technology business.

Chamath Palihapitiya’s SPACs were hot property in 2020 however befalled of favor in 2014. Some remarkable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Dumping Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s firm board last week, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and Elon Musk directing SpaceX, both companies are opponents. So, Palihapitiya’s involvement in both may present a conflict of rate of interest.

Whether IPOF stock will combine with SpaceX is simply speculative, and also absolutely nothing has actually been confirmed. There are lots of other possibilities and also other IPOF target reports in the investor chatrooms.

IPOF stock has actually risen 2.6% in the past five days as well as is up once more pre-market, floating around the $10.30 mark. SPAC stocks often tend to hover around $10 till their merging target has been named.

SpaceX is the 20-year-old NASA rival intent on transporting humans to Mars. It’s likewise championing global satellite broadband protection and lunar landers.

Being an Elon Musk business, SpaceX has amassed a cult adhering to, as well as its development is very closely followed on social media. It’s consequently certain to be a hotly-tipped IPO when it comes to pass.

However, the alternative sight is that Musk would certainly choose to take SpaceX public using IPO or straight listing over the debatable SPAC path.