SPCX Sliding to $100? Luke Lloyd Bullish on Company, Not Current Prices

SpaceX shares are trading below the IPO price one month after going public, and analyst Luke Lloyd expects continued downside pressure toward $100. The setup implies negative near-term momentum, driven more by price action than new fundamentals in this article.

Analysis

SpaceX shares are trading below the IPO price one month after going public, and analyst Luke Lloyd expects continued downside pressure toward $100. The setup implies negative near-term momentum, driven more by price action than new fundamentals in this article.