SpaceX Just Fell Below a Critical Level. Here's Why 10% of Early Release Eligible Shares Could Remain Locked Up for Longer
Supply and demand dynamics are having a massive effect on SpaceX's volatile stock price.
SpaceX Just Fell Below a Critical Level. Here's Why 10% of Early Release Eligible Shares Could Remain Locked Up for Longer
Overview
Space Exploration Technologies (NASDAQ: SPCX) hasn't even spent two weeks on public markets. And already, it has proven to be a highly volatile stock -- briefly surpassing Microsoft and Amazon in market cap before falling 32% from its all-time high at the time of this writing.
SpaceX is now up just 15% from its initial public offering (IPO) price of $135. Here's how the sell-off could affect the number of shares available and whether SpaceX is a good growth stock to buy now.
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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.
