Is Virgin Galactic stock down 46% in the last 3 months?
Mar 04, 2022 · Shares of Virgin Galactic ( SPCE -3.34% ) headed earthward at the end of the week. This followed hot rumors of another celebrity going into space. On Friday, the company's stock ended the day just ...
How did Virgin Galactic (SPCE) perform in the latest trading session?
May 03, 2021 · The stock fell 17.7% in March, in part due to the continued delays and in part because company chairman Chamath Palihapitiya sold a significant portion of his holdings . In April, it was Branson's...
Will Virgin Galactic (VGR) gain on strong earnings?
Mar 30, 2022 · Virgin Galactic (NYSE: SPCE) sends its spacecraft to extremely lofty heights, but here on our planet, the company's stock obeyed gravity …
Why has SpaceX’s share price been falling recently?
Jan 08, 2022 · What happened. Shares of Virgin Galactic ( SPCE -3.08% ) fell 16.4% in December, according to data provided by S&P Global Market Intelligence. The space tourism company, which was one of the ...
When will Virgin Galactic launch?
Virgin Galactic had originally planned to launch founder Richard Branson into space in 2020, but a combination of pandemic-related complications and testing setbacks has pushed the target date into 2021, and potentially into 2022 if things don't pick up pace soon.
Is Virgin Galactic a binary stock?
Since hitting public markets a little over a year ago, Virgin Galactic has always been a bit of a binary stock: It was destined to either do great things or fail spectacularly, with few likely outcomes in between and almost no way of knowing which way it was heading.
Blue Origin has already begun selling tickets, while Virgin Galactic is still just selling stock
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
The month of July should have been a great one for investors in Virgin Galactic ( NYSE:SPCE) stock -- and for a few glorious days, it was. Indeed, the first week of last month saw Virgin Galactic stock gain 14.5% in the run-up to Sir Richard Branson's historic first flight to space aboard Virgin's VSS Unity spaceplane.
So what
How did it all go so wrong? Well, Virgin Galactic itself bears part of the blame for this.
Now what
Until it gets that cash, Virgin Galactic stock remains vulnerable to shifts in sentiment about its prospects. Speaking of which, just nine days after VSS Unity landed, the entire company's prospects got a bit dimmer when Blue Origin -- Virgin Galactic's archrival in space tourism -- launched and landed its own New Shepard rocket.
Sir Richard Branson will fly to space in four days! (Investors yawn.)
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Yesterday's downgrade from UBS took Virgin Galactic Holdings ( NYSE:SPCE) stock's latest price spike and cut it off at the knees -- limiting the space tourism pioneer's gains to just 3% Tuesday.
So what
The good news is that there's no bad news to explain the stock's sudden unpopularity. The bad news, though, is that even great news might not be able to sustain Virgin Galactic stock at its current, elevated stock price.
Now what
And here's the thing: With neither profit nor even revenue to provide a valuation argument in favor of its stock price at present, Virgin Galactic's shares basically trade on good news.
