SpaceX IPO Lock-Up Period: A Golden Buying Opportunity or a Liquidity Trap?
SpaceX insiders have not yet begun to sell -- but they're going to soon, and repeatedly.
Overview
Space Exploration Technologies (NASDAQ: SPCX) stock has taken investors on a rollercoaster ride since its June 12 IPO.
Debuting at $150 a share -- $15 above its supposed IPO price -- shares of Elon Musk's space-and-artificial intelligence venture soared in their first three days of trading, delivering early investors average profits of more than 20% per day.
Details
Then it all came crashing down. The next seven days erased almost all the stock's post-IPO gains. After a brief bounce-back last week, SpaceX stock fell again on Monday, leaving it trading just a few bucks from where it started: $156 and change.
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.