Why Shares of Rocket Lab Are Crashing This Week
RKLBRocket Lab USA(RKLB) The Motley Fool·2024-02-02 10:03

Shares of Rocket Lab (RKLB -17.11%) soared to start off the week, but the launch-specialist's stock lost altitude in subsequent days. Failing to raise investors' spirits, Rocket Lab announced disappointing preliminary fourth-quarter 2023 results and a plan to raise capital on Wednesday.According to data provided by S&P Global Market Intelligence, shares of Rocket Lab have fallen 17.6% from the end of last Friday's trading session through the market's close on Thursday.The bottom of the income statement will ...