3 Reasons SpaceX Stock Could Crash in Q4 -- and 1 Reason It Won't
The stock's high valuation and volatility could be setting investors up for a big fall this fall.
Overview
Space Exploration Technologies (NASDAQ: SPCX) had a strong positive impact on space stocks when it debuted through an initial public offering (IPO) on June 12. SpaceX shares were priced at $135 per share for the IPO, but the stock opened that day to the public at $150. It reached an intraday high of $176.52 before closing at $160.95.
Overall, though, the stock is down more than 7% this year, unless you were fortunate enough to buy it at its IPO price. Here are three reasons why the stock could crash in the fourth quarter and one reason why it won't.
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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.