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SpaceX takes a hit from the blindside
Earlier this afternoon shares in SpaceX (SPCX) were on the rise. The stock had officially reopened today, at $156.63 following a close last night, at $154.54. The stock then rose above $160 quickly and reached 160.65. That was the cash price of course and earlier the 24/7 stock had traded above $163.
However, the party has not lasted once again and SPCX has fallen steeply back towards $150 in the past few minutes. There is no news catalyst that we can detect and so we put this down to trading. The low seen so far has been set at $150.66. The stock is currently trading around $152.30. So, does $150-$160 still rule? Well, it seems that way for now
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