Halfway Into 2024, This Cathie Wood Stock Is Down 9%. But Does Recent News Suggest It Could Be Headed for the Moon? [Yahoo! Finance]
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
Sectors including technology and energy have performed particularly well. One stock that hasn't fared so well is Rocket Lab USA (NASDAQ: RKLB) . As of June 21, share prices of the space exploration business are down 9% in 2024. Despite the drop (or maybe because of it?), Ark Invest CEO Cathie Wood has been steadily adding to her position in Rocket Lab over the last couple of months through her ARK Space Exploration & Innovation ETF and ARK Autonomous Technology & Robotics ETF . It's possible Wood is using a dollar-cost averaging strategy to lower her cost basis in Rocket Lab, as the stock currently trades near all-time lows. Let's dive into why this could end up being a lucrative move by Wood and assess if Rocket Lab shares could be headed higher. Rocket Lab has some momentum, but... Contrary to what the stock price reflects, Rocket Lab's business had a good start to 2024. Earlier this month, Rocket Lab successfully launched satellites for a French Internet of Things (IoT) c
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RKLB
News
- Analyst ignites coverage of Rocket Lab stock after satellite launch [Yahoo! Finance]Yahoo! Finance
- Is Rocket Lab a Millionaire Maker? [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA, Inc. (NASDAQ: RKLB) is now covered by analysts at BTIG Research. They set a "neutral" rating on the stock.MarketBeat
- Rocket Lab USA, Inc. (RKLB) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Rocket Lab’s Electron Rocket Lands at the California Science CenterBusiness Wire
RKLB
Earnings
- 5/6/24 - Beat
RKLB
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- RKLB's page on the SEC website