1 Catalyst That Could Cause SpaceX Stock to Drop. Should Investors Sell?
The end of SpaceX's IPO lockup periods could cause the stock to slide.
Overview
Shares of Space Exploration Technologies (NASDAQ: SPCX) jumped significantly in their first days of trading. As of this writing, SpaceX stock is trading at $185 per share, a 23% increase from the opening price of $150 on its IPO day.
We've already seen some blockbuster IPOs slide from their initial euphoria. Artificial intelligence stock Cerebras is down about 20% over the past month after an initial surge.
Details
But SpaceX has seen some volatility since its IPO, too, and more could be on the way.
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.