Rocket Lab USA ( (RKLB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rocket Lab USA’s stock is on the rise due to increased call options trading and high implied volatility, reflecting growing investor interest. Analysts are optimistic, with BofA raising its price target from $30 to $50, highlighting the company’s progress in its Neutron rocket program and satellite development. Citi’s high price target further boosts investor confidence. The upcoming earnings report on August 7 is also expected to significantly influence market views.
More about Rocket Lab USA
YTD Price Performance: 91.07%
Average Trading Volume: 21,166,375
Technical Sentiment Signal: Buy
Current Market Cap: $21.38B
For further insights into RKLB stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.