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SPCX falls below issue price but the 24/7 price rebounds this morning
Yesterday we warned about the potential for short-term stops to be potentially in place on SpaceX (SPCX), if the share price fell below the $135 issue price. Well, that is exactly what happened. The stock had opened at $137.50 and fallen back almost immediately. The drop below $135 then extended as low as $132.15.
However, it did steady into the close and did later end the session back above $135. SPCX closed last night at $135.27. That recovery has helped the 24/7 tokenised price to push higher today. So far that $135 handle has remained intact and that has allowed it to rise steadily over the past 5 hours. SPCXUSDT has traded as high as $136.60 this morning. It is currently trading around $136.20
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