Rocket Lab (NASDAQ: RKLB) has been through a punishing stretch, to say the least. After peaking near $151 in May, the stock has fallen almost 45% from its record highs, closing at $82.55 on Thursday, July 10.
The post-SpaceX (NASDAQ: SPCX) IPO rotation out of space stocks, a broader risk-off tape, and heavy insider selling have all weighed on the name. But beneath the ugly chart, the past two weeks have delivered some significant bullish fundamental developments. For long-term investors, the disconnect between price action and recent developments might be hard to ignore and could even signal a potential entry point.
