Why Virgin Galactic Stock Just Crashed 16.5% [Yahoo! Finance]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: Yahoo! Finance
This morning, the company filed its regularly scheduled "notice of annual meeting of stockholders" (to be held on June 12). On the agenda: electing directors, approving an auditor, and setting executive salaries. Oh, and one more thing. Virgin Galactic will propose a reverse stock split What will a reverse split do? As the name suggests, a reverse stock split is the opposite of an ordinary stock split . Instead of giving you more shares, it leaves you with fewer. Virgin Galactic will propose anywhere from a 2-for-1 to a 20-for-1 stock split. Thus, if you own 1,000 shares of Virgin Galactic stock today, you might end up with as few as 50 once the reverse split takes effect. Investors are upset at this prospect -- even though it won't affect the actual value of an investment in Virgin Galactic. Whether you own 1,000 shares of stock worth $1 each or 50 shares of stock worth $20 each, you own $1,000 worth of stock. (Unless, of course, the stock price falls 16.5% on the announcem
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPCE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPCE alerts
High impacting Virgin Galactic Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
SPCE
News
- ‘Galactic 07' Mission Launch Window Opens June 8 [Yahoo! Finance]Yahoo! Finance
- ‘Galactic 07’ Mission Launch Window Opens June 8Business Wire
- Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic (SPCE) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- SPCE's page on the SEC website