We recently compiled a list of the 10 companies fall after bearish statements and disappointing earnings. In this article, we will take a look at where Rocket Lab USA, Inc. (NASDAQ:RKLB) compared to the other stocks.
Ten companies – mostly from the quantum computing sector – started the trading week with big declines, amid less-than-optimistic statements from CEOs and disappointing earnings updates that have weighed on investor sentiment.
Meanwhile, Wall Street's major indexes finished mixed, with the Dow Jones and S&P's main index the only gainers, up 0.86 percent and 0.16 percent respectively. Meanwhile, the Nasdaq Composite fell 0.38 percent.
To determine Monday's biggest losers, we only looked at the stocks with a market capitalization of at least $2 billion and a daily trading volume of $5 million.
A launch pad atop a grassy hill, a smoke-filled sky from a successful journey into space.
Rocket Lab USA, Inc. (NASDAQ:RKLB) fell 11.15 percent on Monday, a fourth day in a row, to close at $23.91 apiece, after a statement that appears to be a jab at the National Aeronautics and Space Administration (NASA), which is own plan to return rock and dust samples that the latter has been collecting from the Jezero crater on Mars since 2021.
Earlier this week, NASA said it needed more time to determine the path forward for its Mars Sample Return program, delaying a decision until mid-2026. But Rocket Lab believes the best solution is right under the agency's nose .
“We can wait another year, or we can get started now,” the company wrote in a post on X. “This is not our first encounter with the Red Planet. Mars' orbiters, rovers, landers and helicopters all bear the fingerprints of Rocket Lab (NASDAQ:RKLB). We can also realize MSR mission successes.”
In short, RKLB is in 6th place on our list of Monday's top losers. While we recognize RKLB's potential as an investment, our belief lies in the belief that some AI stocks hold greater promise for delivering higher returns in a shorter time frame. If you're looking for an AI stock that's more promising than RKLB but trades at less than five times earnings, check out our report on the cheapest AI stocks.
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Disclosure: None. This article was originally published on Insider Monkey.
