Firefly Aerospace stock slides 10% as FLY lock-up deadline hits Tuesday
Firefly Aerospace shares fell 10.2% to $22.62 in Monday afternoon trading as investors braced for a post-IPO lock-up expiration on Feb. 3, which could release 125.9 million shares for sale. The stock has lost about half its value since its August IPO. Trading volume reached 3.5 million shares. The S&P 500 rose 0.3%.