Why Intuitive Machines Stock Crashed Today
SpaceX is IPOing and Intuitive Machines stock is going down on no other news. Coincidence?
Why Intuitive Machines Stock Crashed Today
Overview
When you get right down to it, I was both right and right about the SpaceX (NASDAQ: SPCX) IPO.
Right, because I predicted SpaceX IPO fever could drive space stocks higher. Indeed, shares of lunar landing company Intuitive Machines (NASDAQ: LUNR) gained 71% over the past four months.
Details
That's the good news. I was also right, unfortunately, about what would happen on the IPO date. And this in a nutshell is why Intuitive Machines stock fell 10% through 11 a.m. ET today.
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.
