Is Rocket Lab Stock a Buy Now?
The bad news is that Rocket Lab stock will probably go down again. That's also the good news.
It's hard to keep a good company down, and Rocket Lab (NASDAQ: RKLB) investors are happy to realize this.
Earlier this month, as you may recall, Rocket Lab shares tumbled after missing on first-quarter earnings but beating on sales and guiding investors lower than expected for Q2. It didn't take the company long to right the rocketship, however. In quick succession, Rocket Lab announced:
So it's been a busy week and a half for Rocket Lab, and all this activity has helped lift the stock nearly 25% off its post-earnings lows. In fact, Rocket Lab stock now costs 10% more than it did before investors sold it off on the earnings miss, which again, I should point out, happened less than two weeks ago!
