Shares of Rocket Lab USA (RKLB 8.99%) are a buy over at Citigroup, with the bank seeing blue skies up ahead thanks to new orders and added liquidity. Investors are taking notice, sending shares of Rocket Lab up as much as 10% for the day and up 8% as of noon on Monday.Citi sees a bright futureRocket Lab has taken its investors on a turbulent ride in recent months. The company experienced its first launch failure late in 2023, but ended the year on a high note when it announced its biggest contract ever, wit ...

Citigroup reinstated coverage of Rocket Lab USA Inc (NASDAQ:RKLB) with a "buy" rating and $6 price target, with the analyst in coverage noting its $515 million award from the Space Development Agency. At last glance, the security is up 8.1% to trade at $4.69.RKLB slipped into chip stock territory back in January, but has been in rally mode since its pullback to $3.89 -- its lowest level since May. The shares are today poised to conquer the 100-day moving average, as they eye their sixth-straight daily win a ...

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has set the launch window for Astroscale’s orbital debris inspection demonstration mission. The ‘On Closer Inspection’ mission is scheduled to launch during a 14-day window that opens on February 19th NZDT. The mission will lift-off from Rocket Lab Launch Complex 1 in New Zealand and will deploy the Active Debris Removal by Astr ...

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab”, “we”, “us” or “our”) (Nasdaq: RKLB), a global leader in launch services and space systems, announced today the closing of its private offering of $355.0 million principal amount of 4.250% convertible senior notes due 2029 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and related capped call transactions. The off ...

A downtrend has been apparent in Rocket Lab USA, Inc. (RKLB) lately with too much selling pressure. The stock has declined 26.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicator ...

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab”, “we”, “us” or “our”) (Nasdaq: RKLB), a global leader in launch services and space systems, announced today the pricing of its previously announced private offering of $300.0 million aggregate principal amount of 4.250% convertible senior notes due 2029 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering ...

Shares of Rocket Lab (RKLB -17.11%) soared to start off the week, but the launch-specialist's stock lost altitude in subsequent days. Failing to raise investors' spirits, Rocket Lab announced disappointing preliminary fourth-quarter 2023 results and a plan to raise capital on Wednesday.According to data provided by S&P Global Market Intelligence, shares of Rocket Lab have fallen 17.6% from the end of last Friday's trading session through the market's close on Thursday.The bottom of the income statement will ...

Investors in small rocket launcher Rocket Lab USA (RKLB -18.17%) are having an exciting day on Thursday.Last night, Rocket Lab announced its first rocket launch of 2024, and its first recovery of a rocket from a water landing this year. The space company also announced the preliminary results for its fourth and final quarter of 2023. And how was that news? Here's a hint: Through 11 a.m. ET, Rocket Lab stock is down 18.6%.Rocket Lab Q4 sales and earnings"Based on the information available to us as of the dat ...

Shares of Rocket Lab USA Inc. are down 18.3% Thursday, weighed down by the space company’s preliminary fourth-quarter results, putting the stock on pace for its lowest close in nine months.The stock is trading around $3.97, which would be the company’s lowest close since May 9, 2023, when it closed at $3.94, according to Dow Jones Market Data. The decline would also mark Rocket Lab’s RKLB, -18.58% largest percentage decrease since the 17.6% decline on Sept. 13, 2021, and is the company’s largest decline sin ...

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab”, “we”, “us” or “our”) (Nasdaq: RKLB), a global leader in launch services and space systems, announced today that it has commenced a private offering of $275.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with this offering, Ro ...