MarketPR
SpaceX stock has declined in each of the past two full trading sessions, pulling back from the rally that followed the company's record-breaking initial public offering on June 12.
The consecutive losses mark the first sustained selling the newly public stock has faced since its debut.
The Post-IPO Arc The June 12 offering broke records and immediately drew buying interest, sending shares higher in the days that followed.
Back-to-back declining sessions are a recognizable pattern for large, closely watched IPOs: an initial wave of buyers drives the price up, then the market begins the slower work of settling on a longer-term level.
Keep reading