Retail investors sold SpaceX shares for first time on Friday
On Friday, retail investors who had previously supported SpaceX through its initial public offering (IPO) turned net sellers for the first time since the company's debut in June. The net negative trading amounted to $4.5 million, according to Vanda Research data. Analyst Sam North from eToro explained that the shift from net buying to net selling is typically due to a combination of profit-taking, position fatigue, and reassessing risk-reward.
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