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SpaceX Stock Tumbles 10%
The Wall Street Journal51d agobearish
SpaceX Stock Tumbles 10%

SpaceX shares are on course for their biggest one-day decline since they went public earlier this month. They are down for the third session in a row, and more than 15% below their record close of $201.

Veteran analyst sets jaw-dropping SpaceX stock price target
TheStreet53d agobearish
Veteran analyst sets jaw-dropping SpaceX stock price target

SpaceX (SPCX) stock slid for two straight sessions before Thursday’s close, dropping from a post-IPO high of $225.64 to $185.00. Then a top Wall Street analyst made one of the boldest calls yet on the stock. Arete Research initiated coverage of SpaceX on June 18 with a Buy rating and a price target ...

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters55d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga56d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking
24/7 Wall St.57d agobearish
Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking

Shares of Intel (NASDAQ:INTC) are down 7% at midday on Tuesday, while Advanced Micro Devices (NASDAQ:AMD) stock is sliding 6%. The pullback comes after a torrid multi-session rally in both names. Intel stock closed yesterday at $127.86, having climbed 18% over the past month. AMD stock ended Monday at $547.26, an all-time high. No fresh ... Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking

Elon Musk drops trillion-dollar message to SpaceX investors
TheStreet58d agobearish
Elon Musk drops trillion-dollar message to SpaceX investors

SpaceX (SPCX) investors have had plenty to digest after the company’s historic IPO, which sent its valuation to near $2.1 trillion on its first trading day, according to The Wall Street Journal. The stock priced at $135 closed near $160.95 and instantly became one of the most debated names on Wall ...

Oil plunges, stocks jump on US-Iran peace deal
AFP58d agobearish
Oil plunges, stocks jump on US-Iran peace deal

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video61d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

Are Big Stock Offerings Behind Tuesday’s Tech Selloff?
The Wall Street Journal64d agobearish
Are Big Stock Offerings Behind Tuesday’s Tech Selloff?

The catalyst for investors' dumping AI stocks again Tuesday isn't totally clear. But Brian Jacobsen, chief economic strategist for Annex Wealth Management, suggested Alphabet's recent capital raise and SpaceX's impending IPO could be contributing to the ongoing declines.