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Leo Miller

Karman Tanks 14%: Opportunity or Warning for This Defense Darling

Karman KRMN MarketBeat Rocket Lab United States

In 2025, Karman (NYSE: KRMN) was among the hottest stocks in the market. Shares ended the year near $73, rising more than 300% from their IPO price of $22. The new year has been more of a mixed bag. The stock remains up more than 15% in 2026; however, it is down around 25% from its all-time high, reached in January.

The reaction after Karman’s latest earnings report exacerbated this fall, with shares tanking nearly 14% in one day.

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