SpaceX Stock: Buy, Sell, or Hold?
Space Exploration Technologies stock probably shouldn't be in your portfolio just yet.
Overview
The Space Exploration Technologies (NASDAQ: SPCX) IPO was one of the most anticipated public offerings in years. A few days after it began trading, the stock reached an all-time high of $225, a 50% increase from its initial IPO opening price of $150.
But since then, SpaceX has retreated, and it's now trading around $143, as of this writing.
Details
This begs the question: What should investors do with SpaceX? Here's why not buying SpaceX stock is the best strategy for now, and why holding it -- if you already own it -- is more advisable than selling.
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.