SpaceX ($SPCX) rebounds 8.62% after a 12.5% two-day decline

SpaceX ($SPCX) shares fell 12.5% over the two sessions following the U.S. midterm elections before rebounding 8.62% on November 6 to close at $134.27, still 4.98% below the election-day level. The stock had closed at $141.31 on November 3 and dropped to $123.62 on November 5, then gained $10.65 on November 6. The close remains 23.9% below the October 6 intraday high of $176.42 and 40.5% below the post-IPO intraday high of $225.64 set on June 16. The swing highlights how sensitive the name is to political developments, and traders will watch whether the rebound holds above the $123.62 recent low or fades toward the October and June highs.