TradingKey – SpaceX Shares Fall for Seven Straight Sessions Below Key Level; Why is Cathie Wood Continuing to Accumulate?

On July 20, Eastern Time, Elon Musk’s space exploration technology company SpaceX ( SPCX) extended its decline, falling below the $120 mark. The stock fell 3.34% to close at $119.85, marking another all-time low. Over the last seven trading sessions, SpaceX shares have experienced a ‘seven-day losing streak,’ tumbling a cumulative 20%.

SpaceX Stock Price Chart, Source: TradingView

SpaceX saw a brief rally early in its listing, peaking at an all-time high of $225.64 in mid-June before slipping into a persistent decline. It has now plummeted nearly 45% from its historic peak, wiping out close to $1 trillion in market…