coin-img-ETHETH-1.60%coin-img-SPCXBSPCXB-0.96%coin-img-BTCBTC-2.66%coin-img-SOLSOL-3.47%coin-img-WLDWLD-1.71%coin-img-XRPXRP-3.86%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE-5.33%coin-img-ETHETH-1.60%coin-img-SPCXBSPCXB-0.96%coin-img-BTCBTC-2.66%coin-img-SOLSOL-3.47%coin-img-WLDWLD-1.71%coin-img-XRPXRP-3.86%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE-5.33%coin-img-ETHETH-1.60%coin-img-SPCXBSPCXB-0.96%coin-img-BTCBTC-2.66%coin-img-SOLSOL-3.47%coin-img-WLDWLD-1.71%coin-img-XRPXRP-3.86%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE-5.33%coin-img-ETHETH-1.60%coin-img-SPCXBSPCXB-0.96%coin-img-BTCBTC-2.66%coin-img-SOLSOL-3.47%coin-img-WLDWLD-1.71%coin-img-XRPXRP-3.86%coin-img-USDCUSDC+0.03%coin-img-HYPEHYPE-5.33%

Retail investors pour over $93 million into SpaceX-linked SPCX as meme-stock warnings resurface

Retail investors have bought more than $93 million worth of SpaceX-linked SPCX since Monday, representing about 73% of all U.S. retail single-stock purchases on the day. Turnover in the first 10 minutes on Monday exceeded $7 million, according to The Kobeissi Letter. CFRA analyst Keith Snyder initiated coverage with a Sell rating and a $115 price target, implying roughly 46% downside, even as shares rose 2.06% to $205.95 in Tuesday after-hours trading.
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