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stermy4uBanned from community to TechnologyEnglish · 7 days ago

SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B

townflex.com

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SpaceX Stock Slips Below IPO Price as Short Sellers Profit $15.5B

townflex.com

stermy4uBanned from community to TechnologyEnglish · 7 days ago
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SpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.
  • Gorilladrums
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    7 days ago

    This is actually pretty normal. The stock usually drops after the initial launch hype dies down, and then it begins to slowly rise again over time.

    • NotMyOldRedditName
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      7 days ago

      It’s just made worse this time by the smaller float, and the soon to be earlier than usual blackout window for insiders lifting

    • PattyMcB
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      7 days ago

      Not at my old company… no wonder they laid off so much of the workforce and dismantled and sold the rest

    • tirateimas@lemmy.pt
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      7 days ago

      Lets wait to see how low and how long it goes until it starts to raise.

    • Damarus@feddit.org
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      7 days ago

      This is the correct explanation

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