What's Going On With Astra Space Stock?
Portfolio Pulse from Ryan Gustafson
Astra Space, Inc. (NASDAQ:ASTR) shares are trading higher following a rough prior week due to inflation concerns. The stock experienced above-average trading volume of 2.70 million shares on Tuesday, compared to its average volume of 206,391. Astra Space stock also has high short interest, with 12.07% of shares currently sold short, which may be behind the spike in price. Despite Tuesday's gain, the stock is down 85.71% year-to-date.
October 17, 2023 | 7:38 pm
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Astra Space's stock is trading higher after a rough week due to inflation concerns. High trading volume and short interest may be driving the price spike. However, the stock is still down 85.71% year-to-date.
The stock of Astra Space is trading higher, possibly due to a rebound from the previous week's market weakness caused by inflation concerns. The unusually high trading volume and high short interest in the stock may also be contributing to the price increase. Despite the recent gain, the stock is still down significantly year-to-date, indicating that the company's overall performance has been poor.
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