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Channel NewsAsia
AsiaPac · 31 mins ago

SpaceX attracts retail buyers after post-earnings share slide

Aug 5 : Retail investors continued to pile into SpaceX shares on Wednesday, buying the dip after a sharp drop following the company's first ever earnings report as a public company.Mom-and-pop traders bought a net $22.7 million in SpaceX shares in the first hour of trading alone, the third-highest first-hour total in the 37 trading sessions since the company went public, according to Vanda Research data."This tells us that retail dip-buying has not stepped back after the earnings sell-off – they've become even more opportunistic," Vanda Research said in the note. The financial data firm said Wednesday could become the second-biggest day for retail net buying since listing if the pace holds, behind only June 16, when net buying stood at $144.6 million. SpaceX has not recorded a day of net r
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