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Citizens said supplier checks at the Farnborough Airshow last week showed stronger-than-expected demand and launch volumes across the space launch market, a positive sign for Rocket Lab’s government and commercial launch business.
Cadent Capital Advisors LLC lessened its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 88.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,265 shares of the rocket manufacturer
Rocket Lab sits more than 50% below its 52-week high after a brutal stretch of dilution and missed earnings, yet one Wall Street analyst just reiterated a target that implies the stock doubles from here. The question is whether a single unflown rocket decides if that call looks prescient or reckless.