SpaceX Dipped Below $150 and Then Bounced Back. Here's What That Tells Long-Term Investors.
SpaceX stock breached an important psychological level this week.
Overview
Most retail investors were not able to get Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, stock at the initial public offering (IPO) price. After the $135 share offering, though, SpaceX stock opened trading at $150 per share before closing its IPO day at just under $161.
That $150 level essentially became the lowest trading price for SpaceX until it breached it this week. That's important psychologically for two reasons. Here's what it could mean going forward.
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.