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

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock shut today at 1.9% over its 52 week low of $9.77, providing the business a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past 12 months, and also down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 dropped 0.6%.

Trading Task

Trading quantity today 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 Family Member Strength Index (RSI) on the stock was in between 30 and 70.
MACD, a trend-following energy sign, indicates a down pattern.
The stock shut below its Bollinger band, indicating it might be oversold.

Market Relative Performance
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 firm’s share price coincides as the Dow Jones Industrial Average, delays it on a 1-year basis, and also delays it on a 5-year basis

Per Team Comparative Efficiency
The company’s stock cost performance year-to-date lags the peer ordinary by -195.4%.
The firm’s stock cost efficiency over the past twelve month lags the peer ordinary by -377.7%.

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

February 23rd, 2022.
The rumor mill is in overdrive as capitalists cherish the thought of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) goes through the most up to date round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes exclusive firms public using its special function procurement business (SPACs), focusing on cutting-edge and active innovation companies.

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

Dumping Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s company board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk heading up SpaceX, the two companies are rivals. So, Palihapitiya’s participation in both might pose a dispute of rate of interest.

Whether IPOF stock will merge with SpaceX is purely speculative, and also absolutely nothing has been validated. There are plenty of various other opportunities as well as other IPOF target reports in the investor chat rooms.

IPOF stock has actually climbed 2.6% in the past five days as well as is up once again 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 bent on delivering human beings to Mars. It’s additionally promoting global satellite broadband coverage and also lunar landers.

Being an Elon Musk firm, SpaceX has actually amassed a cult complying with, and also its development is very closely adhered to on social media sites. It’s as a result certain to be a hotly-tipped IPO when it comes to pass.

Nevertheless, the alternate sight is that Musk would choose to take SpaceX public by means of IPO or straight listing over the controversial SPAC route.