๐ SpaceX $SPCX -5% on Nasdaq-100 debut day โ index inclusion bounce totally flopped
SpaceX made history joining the Nasdaq-100 today, but shares were off 5.2% at midday in a textbook sell-the-news unraveling. The culprit: SpaceX's tiny public float (~5% of the company is publicly traded), so passive index funds like QQQ can't buy much, while an upcoming lockup expiration is spooking holders. History backs the pattern โ only 6 of the last 21 Nasdaq-100 additions gained in their first week of inclusion. Not financial advice. Did you buy SpaceX on the IPO, or are you waiting for the lockup-expiry dip?
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