SPCX slipped below its $135 IPO price after 319M shares unlocked; RKLB fell 3% in pure sector sympathy with no company-specific catalyst.
August's 911M-share unlock lifted SPCX 6%, making today's smaller drop below IPO price a clear signal of weakening market appetite at current levels.
UFO is up 21% YTD, but two larger SPCX unlocks in November and December dwarf today's tranche and make supply pressure a recurring risk.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) stock is down 6% to $131.86 midday Thursday, slipping below the company's $135 IPO price for the first time since the June debut. Roughly 319 million shares came off lockup this morning, the latest tranche in a staggered release schedule that will eventually free most of the float. A move under the offering price gives sellers a clear reference to trade against as more supply becomes eligible.
#spcx #price #free #shares
August's 911M-share unlock lifted SPCX 6%, making today's smaller drop below IPO price a clear signal of weakening market appetite at current levels.
UFO is up 21% YTD, but two larger SPCX unlocks in November and December dwarf today's tranche and make supply pressure a recurring risk.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) stock is down 6% to $131.86 midday Thursday, slipping below the company's $135 IPO price for the first time since the June debut. Roughly 319 million shares came off lockup this morning, the latest tranche in a staggered release schedule that will eventually free most of the float. A move under the offering price gives sellers a clear reference to trade against as more supply becomes eligible.
#spcx #price #free #shares
2 months ago
