Lou Basenese discusses SpaceX’s stock falling below its IPO price, attributing it to typical post-IPO drawdowns. He suggests an ideal buy zone around $100 per share based on historical data.
Lou Basenese, FOX Business Contributor, analyzes SpaceX’s stock performance, which recently fell below its initial public offering price. He discusses his recommended buy zone around $100 per share, citing the average 45% drawdown for big tech IPOs in their first 12 months. This outlook emphasizes buying at a great price for investment success.
Read the full article here