SpaceX Plunges 46.8% From Peak, Two Traders Liquidated on $4.97M Long Positions This Week

SPCX-3.14%

According to Hyperinsight, SpaceX (SPCX) shares fell sharply this week, breaking below the $135 IPO price for the first time during Thursday's trading session. The stock declined to as low as $120 intraday before recovering to $126.20, marking a 46.8% pullback from its all-time high of $225.64 and a 25.4% drop from its opening-day close of $160.95.

The selloff triggered two major liquidations among SPCX bulls on Thursday. Traders 0x5adb and 0xb760 were collectively force-closed on 38,896.4 shares, with a combined liquidation value of $4.97 million and realized losses of $599,700.

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