SpaceX fell 6.83%, dropping below its opening price on the first day of listing.

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Golden Finance reported that on July 8, according to Jiemian News, as of the close of the U.S. stock market on July 7 Eastern Time, SpaceX closed at $149.47, plummeting 6.83% in a single day, hitting a low of $149.09 during the session, marking a new low since the company's Nasdaq listing on June 12 and falling below its opening price of $150 on the first day of listing, but still above its IPO price of $135.
On that day, coinciding with the stock's official inclusion in the Nasdaq 100 Index, which should have ushered in a favorable window for passive fund support, the stock price instead took a reverse move. Combined with a broad pullback in technology stocks across the market, multiple negative factors converged to push the stock into a deep adjustment channel.
NAS100-1.25%
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