Aerospace Stock Surges on Successful Flight Launch
Schaeffers Investment Research·2026-03-12 14:04
Firefly Aerospace Inc (NASDAQ:FLY) stock is up 15.3% to trade at $23.75 at last glance, after the company announced it launched its Alpha Flight 7 successfully. This comes after several failed attempts to launch the rocket into orbit last year, including an explosion in September.Now trading at its highest level since February, FLY is bouncing off a floor at the $18 level to break above the 20-day moving average, which had been acting as pressure in the last few weeks. The security is also testing resistanc ...