Why Rocket Lab Stock Fell in February
Rocket Lab USA's (NASDAQ: RKLB) quarterly financials matched Wall Street expectations, but the company's guidance failed to quell the worries surrounding the stock.Investors were disappointed, and the sell-off intensified as the month dragged on and the markets became increasingly risk adverse. Shares of Rocket Lab finished February down 29.5% for the month, according to data provided by S&P Global Market Intelligence.Rocket Lab is a space stock focused on designing, manufacturing, and launching satellites for customers. The company lost $0.10 per share in the fourth quarter, in line with estimates, on revenue that was up 120% year over year to $132.4 million.Continue reading
Rocket Lab USA's (NASDAQ: RKLB) quarterly financials matched Wall Street expectations, but the company's guidance failed to quell the worries surrounding the stock.
Investors were disappointed, and the sell-off intensified as the month dragged on and the markets became increasingly risk adverse. Shares of Rocket Lab finished February down 29.5% for the month, according to data provided by S&P Global Market Intelligence.
Rocket Lab is a space stock focused on designing, manufacturing, and launching satellites for customers. The company lost $0.10 per share in the fourth quarter, in line with estimates, on revenue that was up 120% year over year to $132.4 million.
