Up Nearly 30% in August, Is SpaceX Stock Still a Buy?
The end of the company's first post-IPO lockup period came and went with little fanfare.
Overview
Space Exploration Technologies (NASDAQ: SPCX) stock has had a great run in August. After starting out strong following its June IPO, then pulling back sharply in July, it's on the rise again. If you had the foresight to pick up shares on Aug. 1, you're up by nearly 30%. That's an incredible run in a short time frame, and pushed it to around $138 per share -- just above its $135 IPO price, though still well below its first-day opening price of $150.
But is the rally essentially over for now?
Details
Let's take a look at what caused SpaceX to rebound, and consider if it's still worth buying here.
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.