SpaceX's First Lockup Expired Last Week. Why Didn't the Stock Crash?
While many investors expected the stock to crash last week, it ended up rising.
Overview
There was a lot of anticipation around Space Exploration Technologies Corp (NASDAQ: SPCX), the rocket company better known as SpaceX, and what would happen last week as lockups began expiring for this recently listed stock, which could have potentially resulted in a massive wave of shares being sold. Many investors were bracing for a sell-off.
So why didn't it happen?
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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.