SpaceX (SPACE) shares fall 6% post-IPO, VWAP at $179
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPACE) shares declined by 6% to just under $180 after its IPO, erasing much of the initial surge. The stock reached an intraday high of over $225 shortly after debuting at $135, marking a 20% overall decline since. The five-day volume-weighted average price (VWAP) now stands at $179, suggesting that average investors who purchased post-IPO are either breaking even or facing losses. This downturn has raised questions regarding the stock's long-term viability and market fundamentals.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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