SPCX is trading 3.1% down today at $155.48 following its rapid addition to the Nasdaq-100, which triggered heavy index-related flows and heightened post-IPO volatility.
- Passive funds tracking the Nasdaq-100, including QQQ, executed significant buy orders at the July 6 close to reflect the stock's entry into the index.
- While brokerages are beginning coverage with broadly bullish outlooks, the stock is currently facing pressure from short-term profit-taking and position adjustments.