Why Virgin Galactic Stock Just Jumped Another 11% [The Motley Fool]
Virgin Galactic Holdings, Inc. (SPCE)
Company Research
Source: The Motley Fool
Why Virgin Galactic Stock Just Jumped Another 11% Investors twig to the idea of what "$22" means. Virgin Galactic ( NYSE:SPCE ) stock had a pretty great day on Monday, shooting up 16% by the closing bell. Credit for that goes to Morgan Stanley, which yesterday initiated coverage of the space tourism stock with an overweight rating and a $22 price target. Today, Virgin Galactic shares are up again -- rising 12.2% by 10:20 a.m. And I suspect credit for this spike in share price goes to the media, which reported on Morgan Stanley's rating. Just a glance at news reports on the stock "initiation" will tell you why: Morgan Stanley urged investors to "buy the stock," said Barron's. Virgin Galactic "stock can jump 203%," reported Business Insider. Virgin Galactic "shares to triple," predicted CNBC. And who wouldn't want to buy a stock that's set to triple? I mean, if Virgin Galactic stock is set to go up "203%" but gained "only" 16% yesterday, that means there's still another 187% to go, ri
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SPCE
News
- Virgin Galactic Eyes Reverse Stock Split in Bid to Stay on NYSE [BNN Bloomberg (Canada)]BNN Bloomberg
- Dark Space is building a rocket-powered boxing glove to push debris out of orbit [TechCrunch]TechCrunch
- Dark Space is building a rocket-powered boxing glove to push debris out of orbit [Yahoo! Finance]Yahoo! Finance
- Virgin Galactic (SPCE) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- What's the cheapest way to the edge of space? Ride a balloon [CNN]CNN
SPCE
Earnings
- 2/27/24 - Beat
SPCE
Sec Filings
- 4/18/24 - Form PRE
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- SPCE's page on the SEC website