Here's What I Think Is Going on With SpaceX Stock
The stock soared 40% in its first three days of trading.
Here's What I Think Is Going on With SpaceX Stock
Overview
Space Exploration Technologies (NASDAQ: SPCX) blasted onto the scene, completing the world's biggest initial public offering and three straight days of gains that brought market value to more than $2.5 trillion. Investors piled into SpaceX before and after the IPO; press reports said the operation was greatly oversubscribed, and the momentum in the first days of trading clearly showed the interest in this technology and space giant.
But after a 40% gain from the opening price on Friday -- its first day of trading -- through Tuesday, SpaceX ended Wednesday with a 5% decline. Of course, this is a very small move considering the stock's initial increase. Still, you may be wondering about what's next for this exciting company. Here's what I think is going on with SpaceX stock...
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Hormuz relief may not ease the economic toll that's already 'baked in,' analysts warn
- President Donald Trump Expects Inflation to "Come Down Like a Rock" When the Iran War Ends -- but He and Wall Street Are in for a Surprise
- AMD vs. NVDA: Which Artificial Intelligence (AI) Semiconductor Stock Dominates the Next Phase of CPUs, GPUs, and Robotics?
