SpaceX stock drops over 25% from peak after record retail buying wave

Price Action

โดย Yahoo Finance·Read original

Summary · why it matters

SpaceX shares have fallen for a third straight day, dropping more than 25% from their June 16 peak of $225.64. The stock is still up 10% from its $150 opening print and more than 20% above the $135 IPO price. The decline follows a post-IPO surge that briefly made SpaceX more valuable than Amazon and Microsoft, and comes as investors anticipate a potential insider share unlock after the company reports earnings in early to mid-August. Retail investors bought a net $405 million of SpaceX during its first five trading sessions, which Vanda Research called the strongest retail IPO debut in recent history. From June 12 through June 18, retail purchases of SpaceX exceeded combined buying in the Magnificent 7 stocks and in the SPDR S&P 500 ETF and Invesco QQQ Trust.