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IPOF shares shut today at 1.9% above 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, offering the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past 12 months, and also down 4.2% over the past five years. This week, the Dow Jones Industrial Average dropped 0.1%, as well as the S&P 500 fell 0.6%.

Trading Task

Trading quantity this week was 57.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility about the total market stands at 0.5.
Technical Indicators

The Loved One Stamina Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following energy indicator, shows a down fad.
The stock closed 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, and also lags it on a 5-year basis
The business’s share rate coincides as the Dow Jones Industrial Standard, lags it on a 1-year basis, and also delays it on a 5-year basis

Per Team Comparative Performance
The business’s stock price efficiency year-to-date delays the peer average by -195.4%.
The company’s stock price performance over the past twelve month lags the peer ordinary by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the most recent round of SpaceX IPO reports. Social Capital Hedosophia Holdings takes private firms public via its special function procurement business (SPACs), concentrating on innovative and agile innovation firms.

Chamath Palihapitiya’s SPACs were hot property in 2020 however fell out of favor last year. Some notable Social Capital SPACs include Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Discarding Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s company board last week, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic as well as Elon Musk directing SpaceX, the two firms are rivals. So, Palihapitiya’s participation in both might present a problem of rate of interest.

Whether IPOF stock will merge with SpaceX is totally speculative, and also absolutely nothing has been validated. There are plenty of other possibilities as well as other IPOF target rumors in the financier chatrooms.

IPOF stock has risen 2.6% in the past five days and is up once again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to float around $10 till their merging target has actually been called.

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

Being an Elon Musk business, SpaceX has actually accumulated a cult adhering to, and its progression is carefully adhered to on social media. It’s for that reason certain to be a hotly-tipped IPO when it occurs.

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