What Move Will SpaceX Stock Make After Sept. 9? The Evidence Is Piling Up, and Here’s What It Shows.
SpaceX launched a record IPO almost three months ago.
Overview
Space Exploration Technologies (NASDAQ:SPCX) has been one of the most exciting stock market stories of the year. For good reason. The company, better known as SpaceX, completed the biggest initial public offering ever and launched with a trillion-dollar market value -- to put this into perspective, well-established tech giants such as Nvidia and Microsoft took years as publicly traded companies to reach such valuations.
The stock priced at $135, opened at $150 on June 12, and closed above $200 just a few days later. However, in the weeks to follow, SpaceX traded close to its IPO price and even fell below it. Today, it trades at about $140.
Details
Investors have looked to specific events such as entry into the Nasdaq-100 in July, the company's first earnings report in August, and the expiration of share lockups as triggers for stock price movement. And now, we're days away from the next potential catalyst. What move will SpaceX stock make after Sept. 9? The evidence is piling up, and here's what it shows.
Source
Originally published at www.fool.com.
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