SpaceX (NASDAQ: SPCX) stock price is up by 0.8% to trade at $153 at the time of writing. These slight gains come after the Nasdaq-100 index nearly doubled its weighting for SPCX to 2.82%.
Still, SpaceX shares are facing bearish pressure ahead of another round of share unlocks on September 24 that could increase sell-side pressure.
SpaceX Weighting on Nasdaq-100 Doubles to 2.82%
The Nasdaq-100 index completed its quarterly rebalancing on September 21, and it increased the weighting for the SpaceX stock from 1.28% to 2.82%.
The increased weighting will require the funds that track the Nasdaq-100 index to increase their holdings, and this could increase demand for the SpaceX stock.
Still, this new weighting comes ahead of a…
