Why Did Firefly Aerospace Stock Fall in September?
With its initial public offering (IPO) completed on Aug. 7, Firefly Aerospace (NASDAQ: FLY) stock launched into the stratosphere, climbing as much as 56% during its first day as a public company.
In September, however, the stock has fallen down to earth and is now more than 35% below its IPO price of $45. Let's see why investors are no longer over the moon about the first commercial company to land on the lunar surface.
Image source: Getty Images.
Source Fool.com
