Why Rocket Lab Stock Popped Today

Shares of Rocket Lab (RKLB 7.26%) climbed as much as 7% early Thursday, then settled to trade up 4.7% after Cathy Wood's ARKQ Autonomous Technology & Robotics ETF (ARKQ 0.39%) added to its stake in the aerospace and rocket launch services specialist.ARK Invest is bolstering its stake in Rocket LabMore specifically, Wood's ARKQ exchange traded fund bought 27,324 shares of Rocket Lab on Wednesday. Yesterday's buy brought ARKQ's total stake in Rocket Lab to 3,483,938 shares, worth just over $19 million as of t ...