If history is any helpful guide, then ***** eX (SPCX) shares haven't bottomed yet.
Looking at major IPOs over the past 15 years, 19 of the 31 (61%) saw a maximum drawdown of more than 50% in their first year of trading, per Truist chief markets strategist Keith Lerner. The largest first-year drop belongs to Robinhood (HOOD), with a decline of 90%.
SpaceX is already worse relative to the averages.
The stock finished its first week down 4% and its first month off by 16%, both severe underperformance versus the average for each period. The max drawdown on the stock so far this year has amounted to 46%, better than the average decline of 55%.
SpaceX did its part in sparking this debate today.
#spcx
Looking at major IPOs over the past 15 years, 19 of the 31 (61%) saw a maximum drawdown of more than 50% in their first year of trading, per Truist chief markets strategist Keith Lerner. The largest first-year drop belongs to Robinhood (HOOD), with a decline of 90%.
SpaceX is already worse relative to the averages.
The stock finished its first week down 4% and its first month off by 16%, both severe underperformance versus the average for each period. The max drawdown on the stock so far this year has amounted to 46%, better than the average decline of 55%.
SpaceX did its part in sparking this debate today.
#spcx
2 days ago
