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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News
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- Elon Musk Promises 40-Minute Flights from NYC To Shanghai – Will Prices Make It Accessible To All? [Yahoo! Finance]Yahoo! Finance
- Samson Sky Brings Advanced Eco-Friendly Composite Manufacturing to Switchblade Flying Car [Yahoo! Finance]Yahoo! Finance
- Shocking News (But No, Not Really): Virgin Galactic Needs More Money [Yahoo! Finance]Yahoo! Finance
- When Leaders Dream [Forbes]Forbes
SPCE
Earnings
- 11/6/24 - Beat
SPCE
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- SPCE's page on the SEC website