Why Maxar Technologies Stock Popped 17% Today

Shares of satellite builder and satellite photography company Maxar Technologies (NYSE: MAXR) jumped 18% in Friday trading, ahead of Memorial Day weekend. Today, on traders' first day back from the holiday, Maxar stock was rocking again, up 17.4% at the close.

Last week, I theorized that Maxar stock was responding to rising excitement over SpaceX's imminent launch of a manned Crew Dragon space capsule to the International Space Station Wednesday, the first time the company has ever carried astronauts on a space mission, and indeed, the first time any private company has attempted such a feat.

Image source: Getty Images.

Continue reading

Source Fool.com