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IPOF shares shut today at 1.9% over its 52 week low

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

Trading Activity

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

The Loved One Stamina Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following momentum sign, shows a descending fad.
The stock shut below its Bollinger band, suggesting it may be oversold.

Market Comparative Performance
The company’s share price 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 firm’s share cost is the same as the Dow Jones Industrial Standard, delays it on a 1-year basis, as well as lags it on a 5-year basis

Per Team Comparative Efficiency
The firm’s stock cost performance year-to-date delays the peer ordinary by -195.4%.
The firm’s stock rate efficiency over the past one year delays the peer typical by -377.7%.

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

February 23rd, 2022.
The report mill remains in overdrive as investors delight in the thought 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 exclusive firms public via its special function procurement business (SPACs), focusing on ingenious as well as agile innovation companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 however fell out of favor in 2014. Some remarkable Social Capital SPACs include Clover Wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk heading up SpaceX, the two companies are opponents. So, Palihapitiya’s involvement in both might posture a conflict of interest.

Whether IPOF stock will combine with SpaceX is totally speculative, and also nothing has been validated. There are plenty of various other possibilities and other IPOF target rumors in the financier chat rooms.

IPOF stock has increased 2.6% in the past five days and also is up once more pre-market, hovering around the $10.30 mark. SPAC stocks often tend to float around $10 until their merger target has actually been named.

SpaceX is the 20-year-old NASA opponent intent on moving people to Mars. It’s additionally championing international satellite broadband insurance coverage and also lunar landers.

Being an Elon Musk business, SpaceX has actually amassed a cult complying with, as well as its development is carefully adhered to on social media sites. It’s consequently certain to be a hotly-tipped IPO when it occurs.

However, the alternate view is that Musk would choose to take SpaceX public by means of IPO or direct listing over the controversial SPAC course.