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Alger Spectra Fund Class A

SPECX · NASDAQ

Market closed$35.76$-0.400000 (-1.11%)

Key statistics

Previous close$36.16
Open$35.76
Day high$35.76
Day low$35.76
52-week high$39.05
52-week low$28.98
Market cap4.56B
Volume—
Average volume—
P/E ratio41.08
Forward P/E—
EPS0.87
Dividend yield0.00%

Market context

Why it moved

SPECX (SpaceX) shares declined as investor sentiment soured following the automatic abort of the highly anticipated 13th Starship test flight due to multiple Raptor engine ignition failures, compounding concerns over execution risk, elevated valuation, and looming insider lockup expirations in the wake of its recent IPO.

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What is happening

Recent company-specific developments and publisher coverage.

July 14, 2026Alger Spectra Fund Class A edged lower in pre-market trading, declining roughly 2.6% from its previous close, amid a mixed macro backdrop as investors weigh escalating U.S.-Iran tensions, rising oil prices, and the kick-off of Q2 bank earnings season. While JPMorgan and Goldman Sachs both beat Q2 estimates on strong investment banking and trading activity, broader financial sector sentiment remains cautious — Morningstar flagged financial services as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit. The XLF sector ETF is holding near flat in pre-market, down just 0.12%, suggesting the pressure on SPECX may reflect broader risk-off positioning rather than sector-specific headwinds.

-2.5995

July 8, 2026Alger Spectra Fund Class A declined nearly 2% as broad risk-off sentiment swept markets following President Trump's declaration that the U.S.-Iran ceasefire agreement is "over," triggering a 5%+ surge in oil prices and a broad equity selloff. The fund, which holds growth-oriented equities, faced headwinds from Tuesday's tech-led selloff driven by weak Samsung earnings and geopolitical tensions in the Strait of Hormuz, with the Financial Select Sector SPDR (XLF) also trading lower amid rising Treasury yields and inflation concerns ahead of the Fed's June meeting minutes.

-1.9739

Seeking Alpha · June 19, 2026Alger Spectra Fund Q1 2026 Commentary (SPECX)Seeking Alpha · April 29, 2026Alger Mid Cap Growth Fund Q1 2026 CommentaryPluang · April 22, 2026Alger Focus Equity Fund beats Russell 1000 Grow...PR Newswire · October 8, 2025Alger ETFs Surpass $600 Million in Assets

Peers

S&P 500SPX · $7,457.69-1.01%Columbia Global Technology Growth Fund Institutional 2 ClassCTHRX · $136.16-1.57%Franklin Small-Mid Cap Growth AFRSGX · $39.30-0.61%The Hartford MidCap Fund Class R4HFMSX · $27.47-0.65%The Hartford MidCap Fund Class R6HFMVX · $30.61-0.62%SEI S&P 500 Index A (SIIT)SPINX · $22.75-1.00%Smead Value Fund Class ASVFAX · $97.40-0.22%Smead Value Fund Class R1SVFDX · $95.64-0.22%Smead Value Fund - Class I1SVFFX · $98.39-0.21%Smead Value Fund Class R2SVFKX · $99.44-0.22%Smead Value Fund;YSVFYX · $98.60-0.21%