I'd Wait 90 Days Before Buying More SpaceX Stock. Here's Why.

No stock has been discussed as much over the past few weeks as Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, as the company set an initial public offering (IPO) record, raising $75 billion and being valued at $1.77 trillion.

The stock experienced a nice run-up in its first few trading days but has since been on a downward trajectory. As of market close on June 23, SpaceX's stock was down 3% since its IPO. Many investors expected the volatility it has been experiencing, but it may be sooner than expected.

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Regardless of how SpaceX pans out over the next few weeks, I wouldn't consider investing in SpaceX (or adding more shares) for another 90 days. Here's why.

To prevent a bunch of shares from hitting the market for sale immediately after an IPO (which could cause the stock to crash), the U.S. Securities and Exchange Commission (SEC) encourages a lockup period where insiders, such as employees and inv

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/id-wait-90-days-buying-150500250.html)