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Barchart
Wajeeh Khan

Blue Owl Stock Spikes on SpaceX Gains. Is There More Room for OWL Stock to Run?

Blue Owl Capital (OWL) stock closed significantly higher on April 30 after the company announced it had unloaded about half of its SpaceX position at a $1.25 trillion valuation. 

As investors reacted to a tenfold return on its original investment, OWL ripped through its 20-day and 50-day moving averages (MAs), indicating bullish momentum may persist in the near term. 

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