Part of situation:
Rocket Lab Iridium deal spurs profitability outlook (20 clusters)
Rocket Lab shares slide 6.6% in pre‑market trading after record close
Rocket Lab (NASDAQ:RKLB) closed May 20 at a record high of $134.28, up 5.47% on the day and marking a run that more than doubled the share price since December. The next morning, May 21, the stock opened lower, slipping roughly 6.6% in pre‑market trading.
The decline followed a bold corporate move that unsettled investors, leading to the sharp sell‑off despite the recent rally.
Sources
Rocket Lab stock price tumbles as bold move rattles investors
[www.thestreet.com]
2 months ago
Rocket Lab (NASDAQ:RKLB) Stock Price Down 6.6% - Time to Sell?
[www.marketbeat.com]
2 months ago