Firefly Aerospace Soars 15.3% to $23.75 After Successful Alpha Flight 7
Shares surged 15.3% after the Alpha Flight 7 launch with a Lockheed Martin payload, climbing to $23.75—the highest level since February. The shares broke above the 20-day moving average and are testing resistance at $24, while short interest climbed 18.4% to 6.42 million shares, or 5.2% of the float.
1. Successful Alpha Flight 7 Launch
On March 12, Firefly Aerospace completed its Alpha Flight 7 mission, successfully delivering a Lockheed Martin payload into orbit. This achievement follows a series of failed attempts last year, marking a key milestone in the company’s launch reliability.
2. Stock Market Reaction
Shares jumped 15.3% to $23.75, the highest level since February, after market open. The rally lifted the stock above its 20-day moving average and pushed it toward resistance at $24, reflecting renewed investor confidence.
3. Short Interest and Options Activity
Short interest increased by 18.4% to 6.42 million shares, representing 5.2% of the available float. Options volume tripled, with 8,244 calls and 1,284 puts traded, led by March 25 call contracts.
4. Technical Outlook
The breach of the 20-day moving average and test of $24 resistance could signal further upside, though the stock still holds a 45.9% deficit over six months. Analysts will watch for sustained volume and confirmation above $24 to validate a new uptrend.