Your email has been successfully added to our mailing list.

×
-0.00249363867684474 0.00508905852417303 0.00249363867684474 -0.00508905852417303 -0.00290076335877865 -0.00692111959287535 0.0178117048346056 0.013791348600509
Stock impact report

Virgin Galactic stock tanks after Richard Branson signals no more investments [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
Branson told the Financial Times, “We don't have the deepest pockets after Covid, and Virgin Galactic has got $1 billion, or nearly. It should, I believe, have sufficient funds to do its job on its own.” The billionaire founded Virgin Galactic in 2004 and helped take the startup public via a SPAC merger in 2019. A higher interest rate environment is prompting capital intensive space-related companies like Virgin Galactic to devise ways to survive turbulent times. Last month the stock skyrocketed almost 20% in one day after the company announced it would cut 18% of its workforce and shift focus to a new spacecraft expected to be more profitable. “The big move we're making here is pivoting the resources that have been being put into the Unity flights and redirecting them over to get the Delta Ships done with the cash we have on hand,” Michael Colglazier, CEO of Virgin Galactic, told analysts during the company's third quarter earnings call. Colglazier also sounded optimistic Show less Read more
Impact Snapshot
Event Time:
SPCE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SPCE alerts
Opt-in for
SPCE alerts

from News Quantified
Opt-in for
SPCE alerts

from News Quantified