Hlib Chabaniuk

Chris Perruna: Space industry stocks RKLB, ASTS, and SPCX identified as high growth plays

Chris Perruna: Space industry stocks RKLB, ASTS, and SPCX identified as high growth plays
Space industry stocks RKLB, ASTS, SPCX

Chris Perruna, senior vice president at Self-employed, highlights RKLB at $65.74 and ASTS at $57.42 as promising stocks in the space industry. Perruna suggests that these two companies could represent key investment plays in the sector.

According to Perruna, SPCX is trading at $119.85 and may bottom out after lock-up periods, potentially making a strong run over the long term. He further asserts that while the entire group of space-related stocks is expected to rise eventually, smaller names could outperform their larger counterparts. Perruna questions why investors would not consider holding all three stocks.

Earlier this week, Perruna noted RDDT trading above $200 as the stock formed the right side of a seven-month base. He also commented on META climbing 8 percent to close at $631.48, just below its 200-day moving average. These observations reflect his ongoing focus on technical milestones in high-profile equities.

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