Is the hype over for $SPCX and I want to answer this honestly because I think people deserve a real answer not just optimism, the stock opened at $176 intraday on June 12 and is currently at $160, that is a 9% pullback from the peak in less than 48 hours, the people who bought at $176 chasing the IPO excitement are sitting in a loss right now, the Genesis Line that analysts identified at $150 is the real level to watch because if SPCX breaks below that it retests the $135 IPO price and a lot of retail investors will panic sell, from my own view the hype is cooling. Still, the company is not and those are two very different things.
NVDAB
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TSLAB
405.05
-1.53%