SpaceX Stock Price Forecast: Why Shares Rise Against Trend Amid $100 Billion Unlock as Recovery May Continue
On August 6, Eastern Time, the largest post-listing insider cash-out window for SpaceX (SPCX) opened. Despite the unlocking, SPCX shares rebounded from an initial drop of over 2% to rise more than 6% at one point. The stock hit an intraday low of $105.11, remaining above its historical low of $104.83. Morgan Stanley analyst Adam Jonas noted in a client report on Wednesday that this lock-up expiration involves approximately $100 billion worth of SpaceX shares, characterizing it as an entry opportunity to purchase this "potential multi-generational compounding asset."
TradingKeyThu, Aug 6