Why Rocket Lab USA Stock Fell This Week
Shares of Rocket Lab USA (NASDAQ: RKLB) lost as much as 11.4% midweek, and were down more than 7% as of Thursday afternoon, as investors continue to ponder what to make of this latest new space stock. Rocket Lab shares nearly doubled, but then gave up most of those gains, in just six weeks on public markets, and more volatility is likely ahead.
Rocket Lab went public in late August, and the shares shot up like, well, a rocket in September thanks to a positive update on its financials. The company is the latest in a handful of space start-ups that have joined public markets via a deal with a special purpose acquisition company (SPAC), and so far these stocks have tended to make dramatic moves both up and down as investors try to get a handle on the businesses.
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Source Fool.com
