Stock Track | Rocket Lab Stock Plummets 8.29% Intraday as Investors Cash In After Successful JAXA Launch

Stock Track12-16 00:22

Rocket Lab USA, Inc. (RKLB) saw its shares plunge 8.29% during Monday's intraday session, despite the company's announcement of a successful launch for the Japan Aerospace Exploration Agency (JAXA). The "RAISE And Shine" mission marked Rocket Lab's 19th launch this year, yet the stock fell sharply as traders took profits.

Analysts attribute the drop to the "buy the rumor, sell the news" phenomenon, noting Rocket Lab's stock had already surged 141% year-to-date and was trading at a rich valuation of 35 times estimated 2026 sales. The successful launch, while a positive operational milestone, did not exceed the market's high expectations, prompting investors to lock in gains.

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  • Jashmin
    12-16 04:22
    Jashmin
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