13% Below Its IPO Price, Is SpaceX Stock a Buy?
Space Exploration Technologies stock is down big: Time to buy the dip?
Overview
When Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) -- commonly known as SpaceX -- priced its IPO at $135 per share, many said it was too expensive. And when it climbed to more than $200/share within a week, they said it was way too expensive.
But now SpaceX's stock has fallen more than 40% from its high and is trading at about $116 per share as I write this, 13.2% below its IPO price. Is this a sign of more losses to come or a buying opportunity? Here's what investors need to know.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.