SpaceX Slides Amid Tech Selloff; AMC Tumbles on Share Sale | Stock Movers
Bloomberg 2026-06-23 15:05:17
Context: SpaceX is experiencing a decline in its stock value, heading towards its fourth consecutive day of losses, as the tech industry faces a selloff. The company's stock is currently trading above its initial public offering price of $149.34. Meanwhile, AMC Entertainment's shares have dropped following an announcement of a share sale to institutional investors.
Key Facts
- SpaceX is heading towards its fourth day of losses and is currently trading above its lowest trading price of $149.34, which was recorded on its initial public offering.
- IBM shares are climbing due to news that the company and OpenAI are collaborating to bring artificial intelligence to cyber defense.
- AMC Entertainment's shares are lower after the company entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock.
- The share sale by AMC Entertainment is expected to generate gross proceeds of around $200 million.
- SpaceX's current stock performance is approaching its lowest trading price, which could have implications for the company's valuation and future investment.