Should You Buy Rocket Lab Stock Below $70?
The space upstart is seeing its share price fall quickly.
Overview
A space economy boom is turning into a stock market collapse. After the monster Space Exploration Technologies (better known as SpaceX) IPO earlier this year, space stocks began to slip, and quickly, from their highs. Rocket Lab (NASDAQ: RKLB) could be called the poster child for these wild gyrations in space stocks.
The maker of rockets and other space systems saw its stock rise by more than 150% at one point over the last 12 months before falling 55% from a high set in May. As of this writing, the stock trades at $67.50. Should you buy shares of Rocket Lab below $70?
Details
The answer is clear if you look at the numbers.
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.