SpaceX Is Nearing Its IPO Price. Time to Buy?
Average investors can now buy SpaceX stock at just above the IPO price, which was likely not available to them one month ago.
Overview
Space Exploration Technologies (NASDAQ: SPCX) fell to a low of just below $138 per share in the July 13 trading session. This means that just over a month after the stock's initial public offering (IPO), it has almost fallen to its IPO price of $135 per share as of the time of this writing.
Nonetheless, despite the fact that average investors can now buy the communication stock near the IPO price, investors still have good reason to stay away, and here's why.
Image source: The White House.
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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.