SpaceX Stock (SPCX) Price Could Rebound After 50% Drop

The post SpaceX Stock (SPCX) Price Could Rebound After 50% Drop appeared first on Coinpedia Fintech News

SpaceX stock has fallen nearly 50% from its June 16 high after a strong post-IPO rally, driven by profit-taking, valuation concerns, and upcoming lockup expirations. Despite the decline, TipRanks top-rated analyst Mike Zaccardi upgraded the stock to Buy, saying similar pullbacks have historically created long-term opportunities. He believes much of the lockup risk is already …