Rocket Lab's (NASDAQ: RKLB) stock price declined 23% from Oct. 12 to Oct. 16, marking its worst single-week decline since its public debut five years ago. Let's see what caused Rocket Lab's stock to fizzle out -- and if that pullback represents a buying opportunity. Rocket Lab produces reusable orbital rockets for NASA and other organizations. It's successfully launched its Electron rockets 97 times to deploy over 268 satellites. The Electron carries much smaller payloads than SpaceX's (NASDAQ: SPCX) Falcon rockets. Image source: Getty Images.
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