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Why Did Firefly Aerospace Stock Drop Friday?

TheMotleyFool

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Why Did Firefly Aerospace Stock Drop Friday?Photo, wide shot, wide-angle lens, Logistics company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a16a79c7-f73c-405d-ba63-e8d69b66ce4e.png

Firefly Aerospace (NASDAQ: FLY), the Nasdaq exchange's newest space stock, went public at $45 on Thursday and quickly surged to close its first abridged day of trading up 34.1% at $60.35.

On Friday, it didn't quite lose all its gains, but it did lose most of them.

Image source: Getty Images.

Source Fool.com

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