Rocket Lab stock stuck above 200 EMA: Is it a buy after the NASA deal?

Rocket Lab shares have reversed sharply, falling from a year-to-date high of $151 on May 27 to $84, a decline of about 44%. The stock continued to retreat even after the company secured a new NASA contract last week. The article highlights weakening momentum and investor sentiment rather than new operational weakness.

Analysis

Rocket Lab shares have reversed sharply, falling from a year-to-date high of $151 on May 27 to $84, a decline of about 44%. The stock continued to retreat even after the company secured a new NASA contract last week. The article highlights weakening momentum and investor sentiment rather than new operational weakness.