Rocket Lab (RKLB) Stock Drops Midday After Contract-Fueled Rally: Latest News, Analyst Forecasts, and What Investors Should Watch Next
Rocket Lab shares fell 6.8% to $71.96 as of 12:58 p.m. ET Friday, after surging earlier this month on news of an $816 million U.S. Space Development Agency contract. The drop follows heavy profit-taking and thin post-holiday trading. Major U.S. indexes were modestly lower at midday.