Economic TimesLean R·
SpaceX shares could get a boost from Nasdaq 100 rebalancing
SpaceX's stock has been stuck in a tight trading range recently, but a wave of new buying may soon arrive when the Nasdaq 100 Index goes through its quarterly rebalancing later this month.The key is the combination of a little-discussed rule in the tech-heavy benchmark's construction and a staggered series of lockup periods for shareholders of Elon Musk's satellite and space exploration venture that has limited the number of shares available to trade.Nasdaq determines a company's weighting in t…
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