SpaceX Shares Drop Despite Analyst Optimism; Rocket Lab, AST SpaceMobile Also Decline
Despite numerous bullish analyst initiations and inclusion in the NASDAQ 100 index, SpaceX (SPCX) shares fell by 6%. The broader space sector also declined with Rocket Lab (RKLB), AST SpaceMobile (ASTS), and Virgin Galactic (SPCE) dropping between 5% to 10%. Market participants are reacting cautiously ahead of an upcoming insider lockup expiration.
Tickers: $ASTS $RKLB $SPCE $SPCX
Topics: analyst ratings insider lockup space sector stock price movement