Rocket Lab (NASDAQ:RKLB) falls on Nasdaq-100 inclusion, SpaceX slide and share sale concerns
Rocket Lab Corporation fell on Monday as the stock debuted in the Nasdaq-100. The move put RKLB at the center of a trade built on forced index buying, with the price pulled by the broad reset that's hit space companies since SpaceX changed the sector's tone. Rocket Lab shares traded at $99.49, down roughly 7.2%. The stock hit an intraday high at $107.37 and dropped to $96.56. More than 18.8 million shares changed hands by early afternoon in New York.