Spce stocks have rallied in recent weeks after their CEO resigned over a $1.2 billion stock purchase, but the stock is now trading below its previous levels.
The stock closed at $9.80 on Wednesday.
Spce is a software company that has received a lot of attention for its ability to analyze and develop new data sets, including data on climate change, that can then be used to predict weather events and weather patterns.
The company also helps to develop and maintain cloud computing systems that help businesses manage their data and to analyze data on the Web and other digital assets.
Spence stock was trading below $10 on Wednesday afternoon, but has gained more than 8% over the past 24 hours.
The Nasdaq composite stock index was up more than 2.2% for the day.