(PRO Views is exclusive to PRO subscribers and gives you insight into the day’s news straight from real investment pros. See the full discussion above.) NYSE Insider Jay Woods tells us what professional traders are seeing in the week after Elon Musk’s SpaceX goes public. SpaceX’s debut on Friday marked the largest initial public offering in history, with shares rising 19% during the session to close at $161. The company’s valuation is currently just over $2 trillion. SpaceX soared another 8% on Monday. SPCX Mountain 2026-06-12 SPCX Charts This week, Woods said there are several different levels traders are watching, including the stock’s anchor volume-weighted average price, which is currently at $167.50. The stock has already surpassed this level on Monday. Woods added that traders should also keep an eye on the $175.50 level. “If we can close above that level for an average of five to 10 days on a closing price basis, that would allow insiders to sell up to 10% of that stock,” said Woods, chief market strategist at Freedom Capital Markets. “That’s a long way off, but it could have an impact.” (Watch the full video above.) Woods, who has been a trader on the Big Board for 30 years, also notes in the exclusive video that: As peace talks pick up, traders are eyeing the S&P 500’s 7,620 level (the index’s all-time high) for “confirmation that perhaps the worst is behind us.” Companies that made money this week: CarMax. Woods noted that the stock has just broken out, and that the stock trading at its 200-day moving average could present a buying opportunity on the dip. What do oil prices mean for the Federal Reserve meeting this Wednesday? (This weekly Monday video is exclusive to CNBC PRO subscribers.)
