Why Maxar Stock Dropped 10% Today [The Motley Fool]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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Source: The Motley Fool
Why Maxar Stock Dropped 10% Today The company has its eyes on the moon -- but investors may be more concerned with the balance sheet. Shares of Maxar Technologies ( NYSE:MAXR ) soared nearly 28% yesterday on news that NASA has tapped the Canadian/American space-tech star for a 50-kilowatt solar electric propulsion system to power NASA's planned lunar mobile command and service module. The project will be part of the Lunar Gateway orbital space station that the agency plans to build for America's return to the moon . But today, for some reason, Maxar stock is going back down, with shares off 9.8% as of 2 p.m. EDT. Why? NASA's announcement provided a much-needed boost for Maxar stock yesterday. Shares of the space tech company, which does more than $2 billion in revenue a year and is responsible for some of the most innovative tech ideas in space in recent years, have been pummeled -- down 82% in 52 weeks. That was in response to weak earnings and a big hit taken on a defunct spacecra
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