SpaceX retail investors sell $4.5 million in shares, first net outflow since IPO

NEW DELHI: Retail investors turned net sellers of SpaceX shares on August 7, marking the first such instance since the company's blockbuster public debut in June, according to Vanda Research.Individual investors sold a net $4.5 million worth of SpaceX shares on the day, reported Reuters. The shift came after a period of strong retail buying, including a major dip-buying spree following a 13.6 per cent fall in the stock on August 5.“A shift from persistent net buying to selling is rarely about one catalyst, it is usually a mix of profit-taking, position fatigue and investors reassessing the risk-reward,” said Sam North, market analyst at eToro.“Friday is particularly interesting because retail turned net sellers while the shares were rebounding strongly and trading back around the IPO price.