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Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga49d 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.50d 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
TheStreet51d 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
AFP52d 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 Video54d 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 Journal57d 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.

SpaceX IPO Will Be a Huge Windfall for University Endowments
The Wall Street Journal58d agobearish
SpaceX IPO Will Be a Huge Windfall for University Endowments

10% That's roughly how much of the endowment of the University of North Carolina system is tied up in SpaceX, according to people familiar with the endowment. It's one of many schools with sizable holdings in Elon Musk's rocket company.

Fidelity cuts minimum for SpaceX IPO investors
Yahoo Finance Video58d agobearishVIDEO
Fidelity cuts minimum for SpaceX IPO investors

Yahoo Finance Senior Columnist Kerry Hannon joins Josh Lipton on Market to discuss Fidelity's (FNF) decision to lower its account minimum for the SpaceX (SPCX) IPO set for Friday, June 12.

Is the SpaceX IPO Crashing the Crypto Market?
24/7 Wall St.59d agobearish
Is the SpaceX IPO Crashing the Crypto Market?

The crypto market faces a hard question this morning. Can a single initial public offering, even one of historic scale, pull enough capital out of digital assets to bend their price action? Bitcoin (CRYPTO:BTC) is trading near $63,800, up 2.8% over the past 24 hours, yet the multi-week chart tells a different story. Despite today’s ... Is the SpaceX IPO Crashing the Crypto Market?