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Why Shares of Rocket Lab Are Soaring Today

TheMotleyFool

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Why Shares of Rocket Lab Are Soaring Today

The Dow Jones Industrial Average and S 500 indexes are both nudging lower today. Rocket Lab (NASDAQ: RKLB) stock, however, is moving decisively in the other direction. Shares of the launch services leader are shooting higher today thanks to the company's announcement on Friday afternoon as well as investors' growing confidence in development of the Neutron rocket.

As of 11:31 a.m. ET, shares of Rocket Lab are up 11%.

Image source: Getty Images.

Source Fool.com