.png)
Should You Buy Rocket Lab While It's Below $27?
There's a catalyst coming soon for Rocket Lab. It's both bad and good news.
Rocket Lab (NASDAQ: RKLB) is on a roll.
Recovering quickly from its first-quarter earnings miss earlier this month, shares of the manufacturer of small satellites and the small rockets to launch them zoomed higher after the company issued a series of press releases. Among other things, Rocket Lab has announced:
At a price just under $26 today, Rocket Lab stock has now bounced back so high that it costs 9% more than it did before the earnings miss on May 8. But the stock's also still 20% below an intraday high set back in January. With momentum seemingly firmly on its side, investors may now be wondering: Should you buy Rocket Lab stock here at $26, before it rockets even higher?
