SpaceX stock price rebounds after seven-session losing streak. Opportunity to buy?

SpaceX (SPCX) shares rose 3.08 percent to $123.54 on Tuesday, snapping a seven-session losing streak that had wiped out about $425 billion in market value. Despite the rebound, the stock remains below its IPO price of $135 and more than 45 percent below its post-IPO peak of $225.64. The company is set to report its first quarterly earnings on August 4, with as much as $116 billion worth of insider shares potentially becoming eligible for sale from August 6 onwards.