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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% above its 52 week low of $9.77, giving 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, and also down 4.2% over the past five years. Today, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity this week was 57.7% lower than the 20-day average.
Beta, an action 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 momentum indication, indicates a descending fad.
The stock shut listed below its Bollinger band, suggesting it may be oversold.

Market Comparative Performance
The firm’s share cost is the same as the S&P 500 Index, lags it on a 1-year basis, as well as delays it on a 5-year basis
The company’s share rate coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, as well as delays it on a 5-year basis

Per Team Relative Performance
The firm’s stock price performance year-to-date delays the peer average by -195.4%.
The business’s stock rate performance over the past twelve month delays the peer average by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merging Report.
By Kirsteen Mackay.

February 23rd, 2022.
The rumor mill remains in overdrive as capitalists enjoy the idea 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 business public through its special purpose acquisition companies (SPACs), concentrating on innovative as well as active modern technology firms.

Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of favor in 2014. Some notable Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s firm board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both firms are rivals. So, Palihapitiya’s participation in both might pose a dispute of rate of interest.

Whether IPOF stock will certainly merge with SpaceX is totally speculative, and also absolutely nothing has actually been confirmed. There are a lot of other opportunities and other IPOF target rumors in the capitalist chatrooms.

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

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

Being an Elon Musk business, SpaceX has accumulated a cult complying with, and also its development is closely followed on social media sites. It’s for that reason certain to be a hotly-tipped IPO when it occurs.

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