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Stock impact report

Stock Market Today, Dec. 22: Rocket Lab Surges on $816 Million Deal and Analyst Upgrade [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
Trading volume reached 46 million shares, doubling its three-month average of 23 million shares. Monday's catalysts centered on a new $816 million U.S. defense satellite award and confirmation of a record 21 Electron launches this year. The S&P 500 added 0.61% to finish at 6,876, while the Nasdaq Composite gained 0.5% to close at 23,429. Space-focused peer, Virgin Galactic rose 5.9% to $3.71, underscoring renewed interest in launch and space services operators. Rocket Lab has now soared 44% in its last three days of trading following its: $816 million deal with the Space Development Agency on Friday 21st successful Electron rocket launch on Sunday (100% success rate and most in a year) New price target of $85 from investment firm Stifel on Monday The new deal nearly doubles Rocket Lab's $1.1 billion backlog, which prompted the upgrade from Stifel. In addition to this shorter-term news, the company plans to launch its new medium-lift Neutron rocket in the first half of th Show less Read more
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