Published on 26 Dec 2023 on Market Watch
Shares of commercial space company Momentus climb premarket to continue rally
Shares of Momentus Inc. which provides satellite transportation and servicing, continued their rally Tuesday, rising 2.9% in premarket trades. The stock ended Friday’s session up 6.7%, snapping a two-day losing streak and registering its largest single day percentage gain since Nov. 14, when it gained 10.1%. Shares of Momentus have fallen 95.5% in 2023, compared with the S&P 500 index’s gain of 23.8%. Other have risen recently, with Rocket Lab USA Inc. rallying Friday on a worth as much as $515 million. Rocket Lab shares are up 2.6% in premarket trades Tuesday. Virgin Galactic Holdings Inc.’s stock ended Friday’s session up 5.3% and is up 0.6% Tuesday.