Changes in US stocks | SpaceX (SPCX.US) falls back after three consecutive days of gains and now falls by more than 3%

The Zhitong Finance App learned that on Tuesday, SpaceX (SPCX.US) fell after rising for three consecutive days and is now down more than 3% to $134.54. The company's stock price closed up 4.23% to $138.74 on Monday, the first time since July 16 that it closed above the $135 IPO price. According to the news, market data analysis company Vanda Research shows that retail traders sold a net sale of 4.5 million US dollars worth of SpaceX shares on August 7. This is the first time since the company went public on June 12 that it recorded net retail sales. The industry points out that retail investors play a key role in SpaceX's open market transactions: during the listing process, SpaceX kept at least 20% to 30% of shares for retail buyers to subscribe to, far higher than the usual ratio of 5% to 10%.

Sam North, a market analyst at investment platform eToro, said, “The shift from continuous net buying to selling is rarely due to a single catalyst; it is usually the result of a combination of profit settlement, position fatigue, and investors' re-evaluation of the risk-to-return ratio. Last Friday's situation was particularly interesting as retail investors turned to net sellers when shares rebounded strongly and rallied back to near the IPO price. This looks more like investors using the rebound to make a profit, rather than a panic sell-off.”