
Rocket Lab (NASDAQ:RKLB) Trading Down 9.4% on Analyst Downgrade

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Rocket Lab (NASDAQ:RKLB) shares fell 9.4% after Morgan Stanley lowered its price target from $68.00 to $67.00, maintaining an equal weight rating. The stock traded as low as $44.37, with a 26% increase in trading volume. Despite the downgrade, other analysts have given positive ratings, with price targets ranging from $50.00 to $83.00. Insider trading activity included significant stock sales by CFO Adam C. Spice and insider Frank Klein. Institutional investors have also adjusted their positions in the stock.
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