SpaceX Is Already Down 18% From Its High. Here's Why Investors Shouldn't Be Concerned.
The stock's volatility could be here to stay, so retail investors who buy it should make sure they are doing so for the right reasons.
SpaceX Is Already Down 18% From Its High. Here's Why Investors Shouldn't Be Concerned.
Overview
In its fifth session as a public company on June 18, Space Exploration Technologies (NASDAQ: SPCX) closed down 3.6% on the day and down about 18% from its all-time intraday high of $225.64 per share on June 16. However, SpaceX is still up big from its initial public offering (IPO) price of $135 and its first-day opening price of $150.
Here's why long-term investors shouldn't be concerned about the volatility.
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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.
