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, 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 down 4.2% over the past five years. Today, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity today was 57.7% less than the 20-day average.
Beta, a step of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators

The Loved One Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum sign, shows a down trend.
The stock shut listed below its Bollinger band, indicating it might be oversold.

Market Relative Performance
The firm’s share price coincides as the S&P 500 Index, lags it on a 1-year basis, and delays it on a 5-year basis
The firm’s share cost coincides as the Dow Jones Industrial Average, lags it on a 1-year basis, and also delays it on a 5-year basis

Per Group Relative Performance
The company’s stock cost performance year-to-date lags the peer typical by -195.4%.
The company’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 report mill is in overdrive as investors cherish the thought 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 private business public via its unique function procurement business (SPACs), focusing on innovative and also dexterous innovation companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 but fell out of favor last year. Some noteworthy Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Discarding Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s firm board last week, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, the two firms are competitors. So, Palihapitiya’s involvement in both may posture a dispute of rate of interest.

Whether IPOF stock will merge with SpaceX is simply speculative, and nothing has been validated. There are plenty of other opportunities as well as various other IPOF target rumors in the capitalist chatrooms.

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

SpaceX is the 20-year-old NASA competitor bent on delivering humans to Mars. It’s likewise championing global satellite broadband coverage and also lunar landers.

Being an Elon Musk business, SpaceX has actually generated a cult complying with, and also its progress is very closely followed on social media sites. It’s consequently sure to be a hotly-tipped IPO when it happens.

However, the different sight is that Musk would certainly prefer to take SpaceX public by means of IPO or straight listing over the questionable SPAC route.