By Shashwat Chauhan Aug 10 (Reuters) - Retail investors who spent weeks defending SpaceX through its post-IPO run turned net sellers on Friday, marking the first such instance since the company's
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The rocket company's stock hit its offering price Monday for the first time since July 15, recovering from a close as low as $108.27
SpaceX stock just clawed back to its IPO price on blowout earnings, but a record short position and a trillion dollars in unlocking insider shares suggest the real story behind this rally is far messier than the headlines.
On this episode of Stock Movers: - RocketLab (RKLB) shares are higher this morning after rising Friday, following earnings from SpaceX last week. - Moderna (MRNA) shares are moving after last week's news that its mRNA flu shot won US approval in an FDA turnaround. - Intel (INTC) shares are moving after the company said it will be offering $15 billion in common stock, taking advantage of renewed interest in its business prospects during the artificial intelligence data center boom.
Shares of SpaceX on Monday rose above $135, the price at which the company sold shares to the public in mid-June, for the first time since July 16.
Rocket Lab stock rose slightly ahead of its earnings report on Monday. Shares rallied 27% last week.
SPCX (NASDAQ: SPCX) closed Friday, August 7 at $133.11, capping a weekly gain of 22.8% from the $108.37 close on July 31. That Friday session alone delivered a 15.83% surge — the stock’s largest single-day advance since its June 12 debut.
SpaceX stock eyes its third straight gain, looks to rebound above 135 listing price. Cathie Wood, ARK Invest buy $15 mil of SPCX.
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Investing.com -- Retail investors sold SpaceX stock on a net basis Friday for the first time since the company's June initial public offering, according to Vanda Research data.
Investor and television personality Kevin O’Leary said he may begin buying SpaceX shares once post-IPO volatility settles, arguing that the bigger long-term opportunity lies in Elon Musk potentially connecting SpaceX with Tesla Inc., artificial intelligence, robotics and autonomous driving. O’Leary...
SpaceX’s $300 billion swing in market value this past week put Musk back in grind mode, having to execute on highflying promises made in the lead-up to the biggest IPO ever.
SpaceX (NASDAQ:SPCX) shares jumped roughly 13% Friday after Argus Research turned bullish on the economics of the company’s massive artificial intelligence buildout. Argus analyst Steven Silver upgraded the stock to Buy from Hold with a $160 price target, saying the...
Argus upgraded SpaceX after quarterly revenue climbed 92% and its AI operation produced positive adjusted EBITDA.
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The S&P 500 and Dow Jones hit highs while the Nasdaq raced above key levels as oil prices and yields fell. Palantir, Cloudflare and SpaceX were big movers amid earings.
SpaceX insiders don't appear to be cashing in in a big way—at least not yet. The rocket maker's shares recently catapulted 12% higher, extending Thursday's gains to claw back a post-earnings selloff and then some.
SpaceX's gravitational pull is undeniable. That's why it's unsurprising that a few offhand remarks in SpaceX's earnings call on Tuesday still managed to jolt stocks in the further reaches of the company's orbit.
SpaceX is poised to close out a pivotal week in the green, with the stock fighting higher over the past five sessions after reporting its first earnings report as a public company and the largest share unlock in its brief trading history.
SpaceX is poised to close out a pivotal week in the green, with the stock fighting higher over the past five sessions after reporting its first earnings report as a public company, and the largest share unlock in its brief trading history.
Analyst upgrades SpaceX stock to buy on its AI investment payback timeline. Rocket Lab jumps near key line after 92nd Electron mission.
Wall Street analysts reshuffled their ratings on Friday with some bold calls that could move money fast, including a dramatic target cut on Trade Desk and a fresh Buy on SpaceX as markets brace for next week's inflation data.
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ARK Makes Bold $23 Million SpaceX Bet Despite Post-Earnings Drop
Bending Spoons stock offers a high-profile lesson in how to handle liquidity in initial public offerings — a lesson that is set to come due for other recent IPOs like Space Exploration Technologies stock. Investor Greg Morton tells Investor's Business Daily's "Investing with IBD" podcast that it's not about trading every IPO that appears, but finding the best of the best that pass his filters for profitability and liquidity. "Two thirds of (IPOs) I'm hardly even looking at, and then they need to be liquid — that cuts it in half again," Morton said.