If You'd Invested $1,000 in Rocket Lab Stock 3 Years Ago, Here's How Much You'd Have Today

Rocket Lab (NASDAQ: RKLB) has been one of the strongest-performing stocks on the Nasdaq in 2024, soaring by more than 380% since the start of the year.That's impressive, but how have longer-term investors in Rocket Lab fared? For those who bought the stock back in December 2021 and held on through the ensuing turbulence, the return on their investment in this leading space stock has been a little less lofty.After completing a reverse merger with a special purpose acquisition company (SPAC), Rocket Lab first started trading on the public markets on Aug. 21, 2021. An investor who waited a few months after the stock's Nasdaq debut and bought $1,000 worth of shares on Dec. 14, 2021, would've seen their investment's value sink by more than 80% during the years that followed. But in spring 2024, the stock finally turned a corner. After its rebound, that $1,000 investment made three years ago would be worth a little more than $2,600 at Tuesday's prices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool