Should You Buy SpaceX Stock This Week or Wait for the Hype to Die Down?
The stock is taking off, and some investors fear they are missing out.
Should You Buy SpaceX Stock This Week or Wait for the Hype to Die Down?
Overview
The Space Exploration Technologies (NASDAQ: SPCX) initial public offering (IPO) went well, with the stock surging 19% on its first day of trading. Those who bought SpaceX at the $135 IPO price should be happy with the stock continuing to move higher after the launch.
As of this writing, SpaceX shares have soared 58% from the offering price. Retail investors now want to know whether they should jump in this week, wait for the frenzy to subside, or pass on the $2.9 trillion stock altogether. The answer should depend on an investor's goals.
Image source: The Motley Fool.
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.
