$SPCX Came Back Down to Earth Fast
$SPCX Came Back Down to Earth Fast
A few days ago, it felt like could do no wrong. Now the stock has given back a big chunk of those post-IPO gains after three straight red days.
Not saying the long-term story has changed, but it’s a reminder of how quickly sentiment can swing after a hot IPO.
Curious what everyone thinks. Healthy pullback, or was the initial run-up simply too much, too fast?
Looks more like a healthy pullback for now, hot IPOs rarely move in a straight line, and some profit-taking after a huge run isn't surprising.
i think it's just a bit of a reality check for SpaceX after that crazy run up.
honestly, it feels like a normal cooling off period for Space Exploration after such a crazy launch. sometimes these pullbacks are actually a good sign for long-term stability.
