SpaceX loses steam? Stock flashes red in 10 of last 11 sessions

Seeking Alpha ·

SpaceX ( SPCX ) shares have declined in 10 of the last 11 trading sessions, extending a recent pullback after the stock rallied sharply on debut. The stock closed at $119.99 on Monday, down 0.3% on the day, according to a chart shared by Barchart.

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SpaceX shares have entered a clear correction phase after an initial post-IPO surge, declining for 10 of the last 11 trading sessions. Monday's closing price was $119.99, down 0.3%, continuing the bearish trend. Investors should monitor both profit-taking from the short-term rally and the ongoing reassessment of the company's fundamentals.

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