SpaceX Stock Plunged Today. Is It Finally Time to Buy?
SpaceX's stock slide continues, and it may be a gift for investors.
Overview
Space Exploration Technologies (NASDAQ: SPCX) just reported its highly anticipated first quarterly report as a public company. Investors are selling the news, though. SpaceX stock plunged as much as 13% before paring that loss.
The stock is trading well below its initial public offering (IPO) price of $135 per share, and the question for investors is when the stock will bottom out or whether it offers enough value to buy now.
Image source: The Motley Fool.
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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.