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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 one year, and also down 4.2% over the past 5 years. This week, the Dow Jones Industrial Average fell 0.1%, and also the S&P 500 fell 0.6%.

Trading Activity

Trading volume this week was 57.7% less than the 20-day average.
Beta, a procedure of the stock’s volatility relative to the total market stands at 0.5.
Technical Indicators

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

Market Comparative Performance
The company’s share cost is the same as the S&P 500 Index, delays it on a 1-year basis, and lags it on a 5-year basis
The business’s share rate is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, as well as delays it on a 5-year basis

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

IPOF Stock Boosted by SpaceX SPAC Merger Rumor.
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 companies public via its special purpose purchase business (SPACs), focusing on innovative as well as nimble modern technology companies.

Chamath Palihapitiya’s SPACs were valuable in 2020 however befalled of support in 2014. Some notable Social Capital SPACs consist of Clover Health (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s firm board recently, fuelling the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, both business are opponents. So, Palihapitiya’s involvement in both may pose a dispute of passion.

Whether IPOF stock will merge with SpaceX is purely speculative, as well as nothing has been verified. There are plenty of other possibilities and also various other IPOF target rumors in the financier chat rooms.

IPOF stock has climbed 2.6% in the past 5 days as well as is up again pre-market, floating around the $10.30 mark. SPAC stocks tend to hover around $10 up until their merger target has been called.

SpaceX is the 20-year-old NASA opponent intent on transporting people to Mars. It’s also championing international satellite broadband insurance coverage and also lunar landers.

Being an Elon Musk company, SpaceX has amassed a cult following, and its development is very closely adhered to on social networks. It’s therefore sure to be a hotly-tipped IPO when it comes to pass.

However, the alternative sight is that Musk would prefer to take SpaceX public via IPO or straight listing over the controversial SPAC course.

Blue Ocean