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Why Did Firefly Aerospace Stock Drop Friday?

TheMotleyFool

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Why Did Firefly Aerospace Stock Drop Friday?: https://g.foolcdn.com/editorial/images/828721/chalkboard-drawing-of-an-ipo-and-a-rocketship-going-up.jpg

Firefly Aerospace (NASDAQ: FLY), the Nasdaq exchange's newest space stock, went public at $45 on Thursday and quickly surged to close its first abridged day of trading up 34.1% at $60.35.

On Friday, it didn't quite lose all its gains, but it did lose most of them.

Image source: Getty Images.

Source Fool.com

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