Rocket Lab Tokenized Stock Gains 11.31% as Open Interest Falls

Rocket Lab Tokenized Stock (RKLB) climbed 11.31% over 24 hours and was trading at $53.72 at 2:04 p.m. ET (19:04 UTC) Nov. 7, while derivatives indicators were mixed.

Open interest fell 17.53% over 24 hours to 110,544.62 contracts. In the latest one-hour reading, buy volume was 666 against sell volume of 1,103, producing a taker buy/sell ratio of 0.6033. Funding was 0.0000%. The token’s 24-hour range was $46.64 to $54.01.

RKLB traded above its seven-day simple moving average of $52.54 and 20-day simple moving average of $53.56. It remained below its 26-day exponential moving average of $55.72 and 50-day simple moving average of $62.14. The relative strength index was 46.45, while the moving average convergence divergence reading was -2.3877.

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating Nov. 4, pointing to Rocket Lab’s successful 98th Electron mission and progress on Neutron. Sheppard’s price target was $122, and he expected Neutron’s first launch in the second quarter of 2027. Previous coverage outlined Rocket Lab’s Neutron dome work and the first-launch timeline.