Rocket Lab USA ( (RKLB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rocket Lab USA’s stock price has risen thanks to a new contract for two Electron launches with JAXA, which has been positively received by the market. However, despite this good news, there has been significant insider selling activity, indicating a negative sentiment among insiders. Analysts continue to hold a moderate buy rating, but the insider actions suggest investors should be cautious.
More about Rocket Lab USA
YTD Price Performance: 157.45%
Average Trading Volume: 23,486,224
Technical Sentiment Signal: Buy
Current Market Cap: $31.1B
For further insights into RKLB stock on TipRanks’ Stock Analysis page.
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