SpaceX’s stock looks to snap brutal losing streak as it heads for one of its best days yet
SpaceX shares are rebounding and snapping a losing streak following the announcement of the company's first earnings date.
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The brief
SpaceX stock has seen a jump of 6%, marking one of its strongest days of performance after a period of losses. This recovery follows the company's decision to set its inaugural earnings date.
Coverage from MarketWatch, Yahoo Finance, and Benzinga emphasizes the end of the stock's losing streak. Meanwhile, reports from Invezz and StreetInsider highlight a recommendation from Macquarie for investors to "buy the dip," with the firm reaffirming a $250 target for SPCX.
Future movement depends on the upcoming inaugural earnings report and whether investors follow Macquarie's guidance to treat the current price as a prime entry point.
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Quick answers
How much did SpaceX shares increase?
Shares jumped 6%.
What is Macquarie's target price for SPCX?
Macquarie has reaffirmed a target of $250.
What event contributed to the stock's recovery?
The company set its inaugural earnings date.
Coverage (5)
- SpaceX shares rebound and jump 6% as Macquarie urges investors to buy the dip Invezz · 3h ago
- Macquarie sees prime SpaceX entry point, reaffirms $250 target on SPCX StreetInsider · 3h ago
- 'Buy Any Dip' in SpaceX Stock Benzinga · 3h ago
- SpaceX Stock Snaps Losing Streak After Company Sets Inaugural Earnings Date Yahoo Finance · 3h ago
- SpaceX’s stock looks to snap brutal losing streak as it heads for one of its best days yet MarketWatch · 3h ago
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