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Barchart
Barchart
Josh Enomoto

Rocket Lab (RKLB) Soars From a New Contract But Hold Your Horses For Now

For the final session before the Christmas holiday, aerospace specialist Rocket Lab (RKLB) represented one of the top winners, gaining nearly 23% against the prior session. Unsurprisingly, RKLB stock also ranked among the top entities in terms of unusual options volume. From available data, it appears that the overwhelming consensus is for shares to continue rising higher. Still, market speculators may want to exercise caution.

To be sure, if you have a patient, long-term approach, RKLB stock appears quite compelling. As Barchart content partner The Motley Fool mentioned, shares skyrocketed thanks to Rocket Lab securing a U.S. government contract worth up to $515 million. As the investment resource pointed out, the startup enterprise represents one of several entities benefiting from the commercialization of space.

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