There was lots of IPO hype and it popped up to $70 in the market near the open yesterday. Today it is fading. Fundamentally I don't see a case for the stock to be valued highly. This is a struggling space launch company in a market full of larger successful competitors. The question becomes -- which way to trade this... and I don't see any good signals demonstrating a setup for a short-term trade. Firefly Aerospace Stock Falters After First-Day IPO Pop https://finance.yahoo.com/news/firefly-aerospace-stock-falters-first-161455554.html Firefly Aerospace's (FLY) stock is sputtering, just one day after its trading debut, when enthusiasm for the new listing sent shares soaring. The space company's stock was down 13% to about $52 Friday afternoon, wiping out more than half its gains in its first day of trading yesterday. Failure to launch was not a problem for the Cedar Park-Texas based firm, which raised nearly $870 million in an upsized initial public offering and notched big first-day returns following a series of difficult years, including a bankruptcy and rocket-development setbacks. Firefly, which counts the U.S. government's Space Force among its major clients, claims to be the first private company to successfully achieve a soft-landing on the moon. Its shares closed 34% above its IPO price of $45 on Thursday. Firefly is part of the 2025 cohort of $100 million-plus IPOs that popped on their first day of trading, showing renewed investor appetites for new stocks like stablecoin issuer Circle (CRCL) and design tool maker Figma (FIG). So far this year, that group had a median first-day pop of over 18%, outperforming new listings going back to 2021, according to pre-IPO research provider Renaissance Capital. The Renaissance IPO ETF (IPO), which tracks the firm's index, closed 12% higher on Thursday year-to-date, outpacing the S&P 500's 8% gain.
Bet everything you have on Firefly. It could be the next Bitcoin and Nvidia. Get on in early now. Generational wealth building opportunity.
This video dives in-depth and outlines why FLY is not a good investment compared to other space launch opportunities.
This is Elite Trader, not Elite Investor. As far as I'm concerned everyone should be trying to understand the daily broad market, S&P or ES for those types. Movement amplified with options. The only game in town. Refine your understanding and expectations. And grow the account.