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Rocket Lab's Bullish Case Remains Intact Despite Recent Offering

Rocket Lab TodayRKLBRocket Lab52.91+3.10 (+6.2252.91 +3.10 (+6.22%) 52-Week Range7.28▼55.17PriceTarget55.17Price Target42.27Add to WatchlistAfter breaking out above the all-important 50levelandrunningtofreshalltimehighsof50 level and running to fresh all-time highs of 55.17, Rocket Lab USA NASDAQ: RKLB was hit with sharp selling pressure last week. The drop occurred after a 750millionAttheMarket(ATM)offeringwasannounced.Theannouncementspookedinvestors;now,oneweeklater,thestockisdownalmost8750 million At-the-Market (ATM) offering was announced. The announcement spooked investors; now, one week later, the stock is down almost 8%. The failed breakout above 50 may have dampened near-ter ...