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Home›US Markets›Equities›SpaceX shares set for insider unlocking after first po…

SpaceX shares set for insider unlocking after first post-IPO tranche

CNBC Markets reports the first tranche of SpaceX shares held by insiders is unlocking, which could add selling pressure on the stock.

Reported · Written up by our desk · Equities

SpaceX stock could face additional downward pressure as the first batch of shares held by insiders becomes eligible to trade following the company’s IPO, CNBC Markets reports.

The outlet notes that insider share unlocking can increase the potential supply of shares in the market, which may weigh on the stock price in the near term.

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Sources

CNBC MarketsSpaceX stock could face further pressure as first batch of shares unlock since IPO

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