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Shares of Rocket Lab Corp (NASDAQ:RKLB) are trading lower Monday, potentially on continued downward momentum. The company last week reported third-quarter earnings and multiple operational updates. The stock is also continuing a recent sell-off that has erased 22% of gains over the last week and 35% over the past month.
Macro headwinds have been to blame. Hawkish comments from Federal Reserve officials regarding sticky inflation have dampened hopes for rate cuts, hammering tech-heavy indices and growth stocks in recent sessions.
What To Know: Last week, the space company reported a third-quarter loss of 3 cents per share, beating the consensus estimate of an 11-cent loss. Revenue also topped forecasts at $155.05 million. The company’s upbeat outlook includes fourth-quarter revenue guidance of $170 million to $180 million and a record GAAP gross margin of 37%.
Investors also saw operational milestones from the company last week. Rocket Lab secured 17 Electron launch contracts in the third quarter and confirmed its two NASA-backed spacecraft successfully began their long trek to Mars.
Analysts reacted positively last week, with firms like Needham and Stifel raising their price targets. The company, which holds over $1 billion in liquidity, also confirmed its reusable Neutron rocket is on track to arrive at its new launch complex in the first quarter of 2026.
Benzinga Edge Rankings: Despite the recent pullback, Rocket Lab holds a very strong Benzinga Edge Momentum score of 94.78 and maintains a positive long-term price trend.
RKLB Price Action: Rocket Lab shares were down 4.63% at $43.43 at the time of publication on Monday, according to Benzinga Pro data.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Rocket Lab’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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Posted In: RKLB
