US Stock Market Move | SpaceX (SPCX.US) has fallen back after three consecutive days of gains, currently down over 3%.

On Tuesday, SpaceX (SPCX.US) fell more than 3% to $134.54 after three consecutive days of gains. The company's stock price closed up 4.23% at $138.74 on Monday, marking the first time since July 16 that it closed above the $135 IPO issuance price. According to market data analysis firm Vanda Research, retail traders net sold $4.5 million worth of SpaceX shares on August 7, marking the first net sale by retail investors since the company went public on June 12. Industry experts point out that retail investors play a key role in the public market trading of SpaceX: during the IPO process, SpaceX reserved at least 20% to 30% of its shares for retail buyers, significantly higher than the usual 5% to 10% allocation. Sam North, a market analyst at investment platform eToro, stated, The transition from sustained net buying to selling is rarely due to a single catalyst; its typically a result of profit-taking, fatigue in holding positions, and investors reassessing their risk-reward ratios working together. Last Fridays situation was particularly interesting because retail investors became net sellers as the stock price rebounded strongly and approached the IPO price. This looks more like investors taking profits on the rebound rather than a panic sell-off.