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 company a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past twelve month, as well as down 4.2% over the past five years. This week, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.
Trading volume this week was 57.7% lower than the 20-day standard.
Beta, an action of the stock’s volatility relative to the overall market stands at 0.5.
The Loved One Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following momentum sign, indicates a down fad.
The stock shut listed below its Bollinger band, showing it may be oversold.
Market Relative Performance
The business’s share cost coincides as the S&P 500 Index, delays it on a 1-year basis, as well as delays it on a 5-year basis
The company’s share rate is the same as the Dow Jones Industrial Average, delays it on a 1-year basis, as well as lags it on a 5-year basis
Per Group Comparative Performance
The business’s stock rate efficiency year-to-date delays the peer typical by -195.4%.
The firm’s stock price efficiency over the past year delays the peer typical by -377.7%.
IPOF Stock Boosted by SpaceX SPAC Merging Report.
By Kirsteen Mackay.
February 23rd, 2022.
The rumor mill is in overdrive as financiers enjoy the idea of a SpaceX IPO.
Social Capital Hedosophia VI (NYSE: IPOF) is subject to the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public via its unique purpose purchase business (SPACs), concentrating on innovative and also dexterous innovation companies.
Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor in 2014. Some notable Social Capital SPACs consist of Clover Wellness (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 firm board last week, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic as well as Elon Musk directing SpaceX, both business are competitors. So, Palihapitiya’s participation in both may posture a conflict of passion.
Whether IPOF stock will certainly merge with SpaceX is totally speculative, as well as absolutely nothing has actually been confirmed. There are lots of various other possibilities and other IPOF target rumors in the financier chatrooms.
IPOF stock has increased 2.6% in the past five days and also is up once again pre-market, hovering around the $10.30 mark. SPAC stocks often tend to float around $10 until their merging target has actually been named.
SpaceX is the 20-year-old NASA rival intent on transporting people to Mars. It’s additionally promoting worldwide satellite broadband coverage and also lunar landers.
Being an Elon Musk company, SpaceX has generated a cult complying with, as well as its progression is very closely adhered to on social networks. It’s for that reason certain to be a hotly-tipped IPO when it occurs.
Nonetheless, the alternative view is that Musk would certainly favor to take SpaceX public through IPO or straight listing over the debatable SPAC course.