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Why Shares of Rocket Lab Soared This Week

Why Shares of Rocket Lab Soared This Week

Rocketing higher on Cathie Wood's buy list, shares of Rocket Lab (NASDAQ: RKLB) have grown to occupy increasingly larger positions in two ARK funds this week. As of 12:21 p.m. ET, shares of Rocket Lab are up 8.6% this week, having retreated from an earlier climb of 12%, according to data from S&P Global Market Intelligence. After shares of Rocket Lab came down to Earth last week, Cathie Wood recognized an opportunity to pick up shares at a discount -- and it wasn't on just one day.