Social Capital Hedosophia VCorp (IPOE) Pulls Back Sharply: Time to Consider??

Nowadays most investors are looking at different ways in which to get into the fast-growing fintech sector and one of the options could be the fintech firm Social Finance.

However, in order to benefit from the prospects of that company, investors would need to look into Social Capital Hedosophia Holdings V Corp (NYSE: IPOE), a SPAC (special purpose acquisition company). The Social Capital Hedosophia has completed a merger with Social Finance in order to bring the latter public. Since then, the Social Capital Hedosophia stock recorded considerable gains as investors piled on to it in a bit way. However, over the past three weeks, the company has seen its stock drop by as low as 35%.

It should be noted that as of March 3, the stock was still up by as high as 72% from its listing price of $10 a share. Despite the correction in recent days, it could be a SPAC stock worth watching.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.