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Why SpaceX stock is sliding another 3% today

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Why SpaceX stock is sliding another 3% today

About 320 million additional SpaceX shares become eligible for trading next week, adding potential selling/dilution overhang after the stock already gained ~22% over the week when 900+ million shares became eligible for sale. The near-term supply increase is likely to weigh on the stock as the market digests the additional float risk.

Analysis

About 320 million additional SpaceX shares become eligible for trading next week, adding potential selling/dilution overhang after the stock already gained ~22% over the week when 900+ million shares became eligible for sale. The near-term supply increase is likely to weigh on the stock as the market digests the additional float risk.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

SPCX-0.20

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