SpaceX Stock (SPCX) Crashes to New Lows as Growth Stocks Face Heavy Selling - SpaceX (NASDAQ:SPCX)

SPCX stock is under pressure today. Why are SPCX shares down?

SpaceX Stock Back in the SpotlightToday’s move reads less like a thematic unwind and more like a positioning reset, with fast-money sellers leaning on a stock that has had a significant run. With SPCX now trading below its 52-week low of $145.07, that level has flipped from support to resistance, and the burden of proof shifts to buyers to show up with conviction at current levels.Analyst Consensus and Recent Actions: The stock carries a Buy rating with an average price target of $236.27. Recent analyst moves include:

Clear Street: Buy ($217.00 target) (July 7)

Macquarie: Outperform ($250.00 target) (July 7)

Deutsche Bank: Buy ($255.00 target) (July 7)