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MarketBeat
MarketBeat
Ryan Hasson

Rocket Lab Has Corrected Nearly 50%. Is It Still Too Expensive?

Rocket Lab (NASDAQ: RKLB) has been one of the most punished names in the market over the past two months.

After peaking near $151 in May, the stock collapsed toward the mid-$60s, a drawdown of more than 50% from its 52-week high, wiping out the entire year's gains and then some.

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