Why Rocket Lab First Popped, Then Dropped on Monday
Rocket Lab ( RKLB 2.90%) stock started Monday strong as its shares gained nearly 6% on news of a successful end-of-year rocket launch, putting another Synspective synthetic aperture radar (SAR) satellite in Low Earth Orbit. The space stock retraced quickly and, as of 11 a.m. ET, all the gains had been erased, with the stock up only 0.1%.