SpaceX shares may gain from Nasdaq 100 rebalancing
SpaceX stock prices could receive a boost if the Nasdaq 100 index increases its weighting for the company during upcoming rebalancing. Analysts suggest this adjustment would significantly impact the valuation of the aerospace manufacturer.
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SpaceX Shares to Get a Boost If Nasdaq 100 Increases Weighting
Bloomberg's Carmen Reinicke said that thousands of SpaceX shares are set to come back into the market as the Nasdaq 100 index goes through rebalancing and the space company sees more stock lockup expirations. Reinicke called the potential for stock movement 'really substantial' and said that SpaceX's weight in the Nasdaq 100 will only continue to rise until all available shares are bought. (Source: Bloomberg)
Read full article →SpaceX shares could get a boost from Nasdaq 100 rebalancing
SpaceX stock may see increased buying pressure soon. Nasdaq 100 rebalancing is expected to boost its index weighting. More than one billion shares have been released from lockups. This change could force significant passive buying from index funds. Future share unlocks will further increase SpaceX's free float.
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