SpaceX Stock and the Nasdaq-100: What History Tells Us About Potential Returns After July 7
Yahoo Finance ·
Even though it's only been public since June 12, Space Exploration Technologies ( SPCX 5.80% ) , or SpaceX, has already traded in a wide range in less than a month, from a high of $225.64 to a low of $147.11. With its inclusion in the Nasdaq-100 , however, history shows that, on average, companies can expect their stock prices to move in a certain direction. This is what history suggests about whether the next move in SpaceX's stock price is higher or lower. When a stock is included in the Nasdaq-100, it creates buying activity, as investment vehicles like exchange-traded funds that track that index must own it. But history says that being added to the index is not an immediate, game-changing moment for the company. According to Barron's , over the last two years, of the 21 companies added to the Nasdaq-100, only six had their stock prices climb in the first week they were added. The average loss for a stock a week after inclusion in the index has been 3.8%.
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