What's Going On With Rocket Lab USA Stock?

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are moving Wednesday. The stock appears to be moving on continued downward momentum from the last five days.

What To Know:

Rocket Lab shares are down 5%  Wednesday and down more than 9% over the last five sessions.

Rocket Lab USA released its second-quarter financial reports with quarterly losses of 10 cents per share, missing the analyst consensus estimate of a loss of 9 cents per share. The company also reported second-quarter sales of $62.05 million, beating the consensus estimate of $61.79 million and representing an 11.85% increase over sales from the same period last year.

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RKLB Price Action: According to Benzinga Pro, shares of RKLB are trading more than 10% lower at $1.65 at the time of publication.

Image: Courtesy of Rocket Lab USA, Inc.

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