RKLB is trading at $68.12 (-5.27%) as a broad market selloff and risk-off sentiment weigh on high-beta names.
- The decline outpaces the broader market, with the S&P 500 down 1.15% and Nasdaq down 1% following geopolitical tensions and a China growth cut.
- With a high beta of 2.11, the stock is seeing amplified downside after yesterday's +2.54% gain, extending volatility seen since the March 4 Neutron rocket delay.
- No fresh company-specific news has been released today to account for the move.