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Markets · Investing · Business
Finance
SpaceX Stock Rebounds Above $170. Here Is How Much Upside Analysts See Left.
SpaceX's stock has been volatile in the weeks following its IPO.
SpaceX(NASDAQ: SPCX) stock has been incredibly volatile in the weeks following its groundbreaking IPO.
In many ways, this was expected. The company sold less than 5% of its total outstanding shares during its public sale. That means just a tiny fraction of the company is available for public purchase -- a dynamic that can lead to sudden supply-and-demand imbalances. Most major companies, for comparison, have at least 80% of their outstanding shares trading on public markets.
Details
After pricing its IPO at around $135 per share, the stock immediately soared well above $200 per share. SpaceX shares tumbled in the days to come, bottoming out around $150 per share.
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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.
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