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Stock impact report

After a 70% Fall, SPCE Stock Could Be a Buy for the Long-Term Investor [Yahoo! Finance News]

Virgin Galactic Holdings, Inc. (SPCE) 
Year-to-date, Virgin Galactic (NYSE:SPCE) stock is up about 9%, but that number tells only half the story of the spaceflight company's shares. On Feb. 20, SPCE stock hit an all-time high of $42.49. Since then it has been in a freefall. It now hovers around $12, a decline of about 70%.Source: Christopher Penler / Shutterstock.com In January, hardly anyone could have foreseen a global pandemic affecting not only daily lives around the world but also broader markets, and now it is not quite possible to know what the full extent of the current selling may be, given the current reality surrounding the COVID-19 pandemic, investors' confidence has left the marketplace.It's hard to see much positive momentum returning to SPCE stock, or to other speculative and richly valued companies, in the weeks to come. However, investors with a long-term horizon whose portfolios can also weather further volatility may consider buying into the shares of this exciting venture.InvestorPlace - Stock Market Ne Show less Read more
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