Why Maxar Technologies Stock Just Popped 18% [The Motley Fool]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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US:NYSE Investor Relations:
mdacorporation.com/corporate/investor/overview
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Source: The Motley Fool
What happenedShares of satellite builder and satellite photography companyMaxar Technologies(NYSE:MAXRand got punished for itCuriously, there seems to be no news behind the move.Image source: SpaceX.So whatNo earnings guidance for the rest of this year, no analyst reports, either positive or negative -- not so much as a price target change on Wall Street. Nothing. There's no news at all behind today's move so far as I can see...except for maybe one thing.On Wednesday,May 7,with actual astronauts on board this timeeverNow whatThis is an event of historical significance, and it's going to grab a lot of eyeballs across the country and around the world. Logically, interest in space --and space investingWhen they do, they're going to discover that there are in fact only a very few space companies that are publicly traded -- and thatSpaceX isn't one of themstockInvestors today appear to be front-running that discovery and buying Maxar stock before the excitement begins.
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