Rocket Lab Stock Fell Nearly 50% From Its Record High. History Says Do This Next.
The reusable orbital rocket maker still looks pricey relative to its growth potential.
Overview
Rocket Lab (NASDAQ: RKLB), a developer of reusable orbital rockets, went public through a merger with a special-purpose acquisition company (SPAC) on Aug. 25, 2021. It started trading at $11.58 per share, and closed at a record high of $150.23 on May 27, 2026.
But as of this writing, it trades at about $80. Let's see what caused that near-50% decline, and what history suggests could happen after its stock finally bottoms out.
Image source: Getty Images.
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.