Facebook Inc (FB), SolarCity Corp (SCTY): Is This Stock Destined to Fall After Lockup Expiration?

Now, after the large lockup expiration has passed, it will be interesting to see how SolarCity Corp (NASDAQ:SCTY) will trade. The stock has lost a great deal of value over  the last week but has the security of a large owner (Elon Musk) who is not expected to sell shares at any point in the near future.

Back when Facebook’s large expiration occurred, the stock had been trading under $20, but after that risk passed Facebook traded to a price over $30. Thus, with sentiment for SolarCity being so positive — and with it trading 30% off its highs — I’d watch it closely over the next few months; as the stock could very easily see a post-lockup expiration, Facebook-like rally.

Brian Nichols has no position in any stocks mentioned. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook.

The article Is This Stock Destined to Fall After Lockup Expiration? originally appeared on Fool.com and is written by Brian Nichols.

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