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Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies wit

Did This News Just Mark the End of the SPAC Boom?

10:33am, Wednesday, 21'st Sep 2022 The Motley Fool
The most prolific SPAC sponsor just made a big announcement.
Known by many as the SPAC King, Chamath Palihapitiya was one of the biggest names associated with the growing number of blank check companies taking private companies public. When SPACs were hot with

Chamath Palihapitiya to wind down SPAC deals

01:56pm, Tuesday, 20'th Sep 2022
Yahoo Finance Live anchors Brad Smith and Julie Hyman discuss Chamath Palihapitiya winding down on SPAC deals amid the IPO slowdown.
Investors are again talking about Social Capital Hedosophia Holdings Corp VI (NYSE: IPOF ) stock. Unfortunately, not for the most positive of reasons.
Time is running out for Chamath Palihapitiya's special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings (NYSE: IPOF ) to find a partner and complete a deal. Palihapitiya's compan
Chamath Palihapitiya was one of the biggest names in the SPAC market in 2021 and when times were good for new companies going public, Palihapitiya had some of the best-performing deals of that year. T

3 SPAC Stocks at Risk of Failing Like PSTH

02:25pm, Wednesday, 13'th Jul 2022
Bill Ackman's recent announcement may be the end of the SPAC boom. Here are the SPAC stocks that investors should be staying away from.

Bill Ackman Is Dissolving His $4 Billion SPAC -- Will Others Follow?

10:31am, Wednesday, 13'th Jul 2022 The Motley Fool
Pershing Square Tontine Holdings will distribute billions of dollars to shareholders.
IPOF stock has only 93 days to find an acquisition target. The winding down of PSTH stock has further exacerbated investors' fears.
Retail investors love a good story for stocks, as well as love the opportunity to get into some potential growth stories on the ground floor. SPACs were one of the hottest stories in 2020 and 2021 bu
Today, investors in Chamath Palihapitiya's SPAC, IPOF stock, are signaling speculative momentum could be behind this blank check company. The post Dear IPOF Stock Fans, Mark Your Calendars for Oct. 14
IPOF stock is in the spotlight again as chatter of a Starlink merger takes over social media. However, this doesn't seem likely.
IPOF stock is trading higher on heavy volume today as speculation once again spikes around a SPAC merger partner. The post IPOF Stock Alert: What Are the SPAC Merger Rumors Lifting IPOF Shares Today?
Social Capital Hedosophia Holdings Corp VI - Class A (IPOF) shares closed today at 1.9% above its 52 week low of $9.77, giving the company a market cap of $1B. The stock is currently down 2.6% year-to-date, down 34.3% over the past 12 months, and down 4.0% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 1.1%. Trading Activity Trading volume this week was 69.3% lower than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price 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 Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -3474.8% The company's stock price performance over the past 12 months lags the peer average by -5427.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.
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