Shares of Rocket Lab Corp (NASDAQ:RKLB) are trading marginally higher Wednesday, staging a slight recovery from a sharp sell-off on Tuesday. The previous session’s decline was triggered by the announcement of a new at-the-market stock offering that could raise up to $750 million.
What To Know: While the potential for share dilution drove the stock down Tuesday, the capital raise is aimed at funding the company’s growth initiatives. This news follows last week’s proposal for a Mars Telecommunications Orbiter. Rocket Lab envisions this satellite as a foundational step for human exploration of the Red Planet, creating a high-bandwidth communications bridge to Earth before astronauts arrive.
Investors are likely weighing the company’s long-term strategic vision, highlighted by the Mars mission and the ongoing development of its larger Neutron rocket, against the near-term impact of the equity offering.
Benzinga Edge Rankings: Despite the recent volatility, Benzinga Edge data highlights the stock’s strong momentum score of 99.04, with positive price trends across short, medium and long-term outlooks.
Price Action: According to data from Benzinga Pro, RKLB shares are trading marginally higher by 1.5% to $48 Wednesday morning. The stock has a 52-week high of $55.17 and a 52-week low of $7.00.
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How To Buy RKLB Stock
By now you're likely curious about how to participate in the market for Rocket Lab – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Rocket Lab, which is trading at $48.16 as of publishing time, $100 would buy you 2.08 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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