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  • 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 shut today at 1.9% above its 52 week low of $9.77, providing the firm a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past year, and also down 4.2% over the past 5 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% lower than the 20-day standard.
Beta, a step of the stock’s volatility about the total market stands at 0.5.
Technical Indicators

The Loved One Toughness Index (RSI) on the stock was between 30 and also 70.
MACD, a trend-following momentum indicator, indicates a downward fad.
The stock closed listed below its Bollinger band, suggesting it may be oversold.

Market Relative Performance
The business’s share rate 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 business’s share cost is the same as the Dow Jones Industrial Standard, delays it on a 1-year basis, and delays it on a 5-year basis

Per Team Relative Efficiency
The company’s stock price performance year-to-date delays the peer average by -195.4%.
The business’s stock cost performance over the past year lags 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 financiers relish 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 personal business public via its special purpose purchase business (SPACs), concentrating on ingenious as well as active innovation companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of favor in 2015. Some noteworthy Social Capital SPACs consist of Clover Wellness (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 company board recently, fuelling the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk heading up SpaceX, both companies are rivals. So, Palihapitiya’s involvement in both may pose a problem of rate of interest.

Whether IPOF stock will combine with SpaceX is purely speculative, as well as absolutely nothing has actually been verified. There are lots of other opportunities and other IPOF target rumors in the capitalist chat rooms.

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

SpaceX is the 20-year-old NASA rival bent on carrying people to Mars. It’s likewise championing global satellite broadband insurance coverage and lunar landers.

Being an Elon Musk company, SpaceX has actually accumulated a cult following, and its progression is very closely followed on social media sites. It’s therefore sure to be a hotly-tipped IPO when it occurs.

However, the different view is that Musk would like to take SpaceX public by means of IPO or straight listing over the controversial SPAC path.