Prediction: This Is How SpaceX Stock Will Do After Aug. 4
The space stock's struggles could still be in their early stages.
Overview
Space Exploration Technologies Corp (NASDAQ: SPCX), which also goes by SpaceX, reports its latest earnings numbers on Aug. 4, and the lockup period for insiders begins to expire soon afterward. While the stock has been in a tailspin in recent weeks, I believe it's destined to fall even lower.
The market has been increasingly bearish on the stock due to its heightened valuation. Not only will expectations be high for the business to produce a solid quarter because of its high price tag, but there may also be an incentive for insiders to sell the stock while it's as high as it is.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.