Changes in US stocks | SpaceX (SPCX.US) fell more than 2%, and Sister Mudou bucked the trend and made a big increase in positions

The Zhitong Finance App learned that SpaceX (SPCX.US) fell more than 2% to $121.13 on Monday. As of press release, the cumulative decline for this month was nearly 30%. According to reports, the company is facing potential selling pressure from insiders due to extended sales restrictions. In the next few months, some restricted shares will enter the market in batches, which may increase stock supply and further affect valuation. Siebert Financial Chief Investment Officer Mark Malek said that after considering the lifting of the ban on restricted shares in the future, many investors may have re-examined their initial investment logic. Prospective buyers who have previously been on the market may continue to wait for lower entry points, as the possibility of lower prices is rising as valuations return to reasonable levels.

It is worth noting that ARK Invest, a subsidiary of well-known investor Cathy Wood (known as “Sister Mu Tou” in the market), revealed a complete position adjustment record from July 13 to 17. SpaceX became the number one target to increase its holdings during the week. ARK invested a total of 56.9 million US dollars to increase SPCX positions, making it the largest single transaction in this period.