SpaceX Stock Has Gone Nowhere Since Its First Day of Trading
The stock sits below where it closed on day one, even though revenue nearly doubled last quarter.
Overview
SpaceX (NASDAQ:SPCX) closed at $160.95 on June 12, its first day as a public company, capping the largest initial public offering (IPO) in history. On Friday, three months later, the stock closed at $152.71 -- about 5% below where it started.
Flat doesn't mean calm, though. Shares closed as high as $211.39 in their third session, took a beating into early August (bottoming near $108), and have spent most of September climbing back.
Details
The business, meanwhile, has been anything but stuck. Second-quarter revenue rose 92% year over year.
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.