Why Astra Space Stock Is Rocketing Higher Today
Shares of Astra Space (NASDAQ: ASTR) were trading more than 10% higher on Tuesday afternoon after the stock was named a short-term catalyst buy by a Wall Street analyst.
Astra went public this summer via a merger with a special purpose acquisition company (SPAC), and the stock has mostly lost altitude in the months since, weighed down by the company's inability to get its test rockets into space. The shares were still down by more than 30% from their debut price even after Tuesday's gains.
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Source Fool.com
