Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Rocket Lab Stock Is Soaring Today

TheMotleyFool

0 0

Why Rocket Lab Stock Is Soaring Today: https://g.foolcdn.com/editorial/images/877402/gettyimages-2164875117.jpg

After a big sell-off yesterday, Rocket Lab (NASDAQ: RKLB) share price is seeing strong gains in Thursday's trading. The space stock was up 8.3% as of 2:25 p.m. ET. The S 500 was up 1.4% at the same point in the session, and the Nasdaq Composite was up 2.6%. Shares had been up as much as 9.7% earlier in the day.

Rocket Lab announced a significant new contract today, and the news is helping its stock bounce back from yesterday's pullback. Bullish momentum for the broader market is also playing a big role in pushing its share price higher.

Image source: Getty Images.

Source Fool.com

Like: 0

RKLB

Share