ARK Invest Buys More SpaceX Shares as Stock Tries to Reclaim $135 IPO Price
Updated
Updated · Investor's Business Daily · Aug 10
ARK Invest Buys More SpaceX Shares as Stock Tries to Reclaim $135 IPO Price
3 articles · Updated · Investor's Business Daily · Aug 10
Summary
ARK Invest added to its SpaceX position on Friday after the company’s first insider lockup expiration helped extend a post-earnings rally.
SpaceX shares swung between small gains and losses early Monday, with the stock trying to post a third straight daily advance and climb back above its $135 IPO price.
The recent strength followed a Q2 earnings beat, which, together with the lockup expiration, gave investors a fresh catalyst for trading in the newly public stock.