When share lockups expire, the percentage of shares released for selling can significantly impact stock prices; for example, when SpaceX's stock price exceeded $175, a full 30% of shares were released for selling rather than the typical 20%, creating substantial selling pressure that could drive prices down.
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Is The SpaceX Rally About To End?
Added:Let's talk about Space X just like everybody else is. It's doing great. Um it is uh it it got toward 1 uh 90 earlier today.
Um so, two great days in a row.
Um I urge you, if you're at all interested, to watch my Space X video here on tasty about the lockups and the releases.
Um August 11, that is the first big day.
That's a red-letter day.
It's almost a couple of months off, but I think you're going to see a lot of selling on that day. Um especially if the price is above 175.
Cuz if the price is above 175, uh not just 20% are released, but a full 30% of shares are released for selling. So, um I I imagine we'll see over $200 soon, maybe tomorrow. Uh almost certainly before June 27.
Uh so, you know, I don't think we've seen the highs on this, but um it is interesting to watch.
Um interestingly enough, also UFO, which you think would be just thriving in this environment, um cuz it's kind of uh all about the rockets and space, has had a rotten couple of days here. And I think that's just sort of the the pre-Space X zeal kind of exiting the building.
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