SpaceX Stock Falls for Three Straight Days After Blockbuster Nasdaq Debut
By
Rich Duprey
Summary
SpaceX (SPCX) debuted on the Nasdaq on June 12 at $135/share, opened at $150, and closed its first day at $160.95 — a 19% gain, pushing its market value above $2.1 trillion. However, the stock has fallen for three consecutive trading days since. The article draws on historical patterns of high-profile IPOs that initially surged before declining, suggesting SpaceX's pullback may signal further downside ahead.
Source
bskySpaceX Stock Falls for Three Straight Days After Blockbuster Nasdaq Debut247wallst.comKey quotes
· 3 pulledThe biggest stock market stories often begin the same way: enormous excitement, headlines about record-breaking demand, and a stock price that climbs the moment trading begins.
Shares were priced at $135, opened at $150, and finished their first trading day at $160.95, a gain of 19%.
Yet its shares have fallen on each of the past three trading days.
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