Rocket Lab USA, Inc. (RKLB) stock plummeted 5.00% during intraday trading on Wednesday, continuing a recent downward trend for the space technology company.
The decline comes amid a broad selloff across space concept stocks that began in the prior session. Additionally, recent insider selling activity has weighed on investor sentiment, with executive Arjun Kampani reducing holdings by 88,000 shares earlier this month.
The weakness reflects broader pressure on the space sector, with fellow space company Redwire Corp. also declining during the same period, while larger aerospace peers posted modest gains.
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