SpaceX Stock Stalls Around IPO Price: What's Going On?
Space Exploration Technologies Corp (NASDAQ:SPCX) shares are pulling back slightly Monday after rallying to close out last week. The stock is sitting just below its $135 IPO price after retail investors became net sellers for the first time and the mass insider selling many had feared failed to spark selling pressure.
SpaceX just started trading publicly, and its stock price is staying near where it started. When a new stock comes out, watching whether people keep buying or start selling tells you if they still believe in the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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