SpaceX Share Unlock Could Trigger Major Price Swings

SpaceX is under the spotlight as 911.5 million shares become eligible for public trading. This huge supply shift equals more than 140 percent of the current public float, which means traders should prepare for potential price swings in the coming days.

This movement comes at a sensitive time for the company. The stock recently dropped 12 percent following its latest earnings report. Even though the company beat revenue expectations, investors reacted negatively to other parts of the financial data.

Market watchers are now monitoring how this flood of shares affects the price action. Because the available supply is increasing so quickly, finding a new stable price point might take some time. Anyone holding a position should keep a close eye on trade volume and price support levels throughout the week.