Why Rocket Lab Stock Skyrocketed Last Week
Rocket Lab (NASDAQ: RKLB) stock recorded another run of huge gains over the past week. The company's share price was gained 31.7% from the previous market's close. The S&P 500 index rose 0.6% over the same period of time.
Bullish coverage from analysts helped power massive valuation expansion for Rocket Lab stock over the past week and pushed the company to a new valuation high. Continued excitement surrounding short-term and long-term opportunities in the space industry also supported strong bullish momentum for the stock.
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Source Fool.com
