Why Rocket Lab Stock Is Soaring Higher Today
With the company's announcement that it had received an award worth as much as $800 million from the U.S. Space Development Agency to design and build satellites, Rocket Lab (NASDAQ: RKLB) stock jetted into the weekend riding a wave of bullish enthusiasm. This weekend, however, provided its own sources of investor excitement: an auspicious company announcement and an analyst's optimistic view of the stock.
As of 2:58 p.m. ET, shares of Rocket Lab are up 10.1%, retreating slightly from their earlier climb of 14%.
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Source Fool.com
