Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V closed today at 1.9% over 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 one year, and also down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 fell 0.6%.

Trading Activity

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

The Loved One Strength Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy sign, suggests a descending pattern.
The stock shut below its Bollinger band, suggesting it might be oversold.

Market Comparative Efficiency
The firm’s share price is the same 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 cost coincides 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 company’s stock rate performance year-to-date delays the peer average by -195.4%.
The company’s stock rate efficiency over the past twelve month delays the peer ordinary by -377.7%.

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

February 23rd, 2022.
The report mill remains in overdrive as capitalists enjoy the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive firms public by means of its special purpose purchase firms (SPACs), concentrating on cutting-edge and also agile innovation companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet fell out of favor in 2014. Some significant Social Capital SPACs consist of 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 firm board last week, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and also Elon Musk heading up SpaceX, both companies are rivals. So, Palihapitiya’s participation in both may pose a problem of rate of interest.

Whether IPOF stock will merge with SpaceX is totally speculative, as well as absolutely nothing has actually been verified. There are plenty of other possibilities as well as various other IPOF target rumors in the capitalist chatrooms.

IPOF stock has increased 2.6% in the past 5 days and also is up once again pre-market, floating around the $10.30 mark. SPAC stocks tend to hover around $10 until their merging target has been named.

SpaceX is the 20-year-old NASA rival intent on carrying human beings to Mars. It’s also promoting global satellite broadband coverage and also lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult following, and its development is carefully complied with on social networks. It’s as a result certain to be a hotly-tipped IPO when it happens.

Nevertheless, the alternate view is that Musk would certainly prefer to take SpaceX public through IPO or straight listing over the debatable SPAC path.