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My Stock Exchange

IPOF shares shut today at 1.9% above its 52 week low

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old IPOE Stock closed today at 1.9% over its 52 week low of $9.77, giving the company a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past 12 months, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 dropped 0.6%.

Trading Activity

Trading volume 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 Relative Strength Index (RSI) on the stock was in between 30 as well as 70.
MACD, a trend-following momentum sign, indicates a down pattern.
The stock closed below its Bollinger band, indicating it may be oversold.

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

Per Team Comparative Efficiency
The business’s stock price efficiency year-to-date lags the peer ordinary by -195.4%.
The business’s stock rate efficiency over the past 12 months lags the peer average by -377.7%.

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

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

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the latest round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal companies public using its special purpose procurement firms (SPACs), concentrating on ingenious and also agile modern technology business.

Chamath Palihapitiya’s SPACs were valuable in 2020 yet fell out of support in 2015. Some notable Social Capital SPACs include Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and also Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya suddenly stepped down from Virgin Galactic’s business board recently, sustaining the reports SpaceX could be a Social Capital target. With Richard Branson accountable of Virgin Galactic and also Elon Musk directing SpaceX, the two business are opponents. So, Palihapitiya’s participation in both may posture a conflict of passion.

Whether IPOF stock will merge with SpaceX is purely speculative, and also nothing has actually been validated. There are plenty of other opportunities and various other IPOF target rumors in the capitalist chat rooms.

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

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

Being an Elon Musk firm, SpaceX has collected a cult adhering to, and also its progression is carefully complied with on social media sites. It’s consequently certain to be a hotly-tipped IPO when it happens.

However, the alternate view is that Musk would choose to take SpaceX public through IPO or straight listing over the controversial SPAC route.

Francis Snyder

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