Retail Investors Flock to SpaceX Stock, Data Shows
Vanda Research reports that retail investors bought nearly as much SpaceX stock over the past two sessions as all other single-stock purchases combined in the prior week. On Monday alone, retail inflows into SPCX reached $93.8 million.
According to Vanda Research data, retail investors have been heavily accumulating SpaceX shares (ticker: SPCX) over the last two trading sessions. Their total purchases in that period nearly matched the combined retail volume for all other single US stocks during the entire previous week.
On Monday, retail investors bought $93.8 million worth of SPCX, accounting for roughly 73% of all retail single-stock transactions that day. In the first 10 minutes of Monday's session, turnover in the stock exceeded $7 million.
Beyond SpaceX, individual investors also snapped up shares of semiconductor names such as Marvell (MRVL), Micron (MU), SanDisk (SNDK), and Broadcom (AVGO). The data suggest retail appetite for risk remains strong.
Source: The Kobeissi Letter