Why Virgin Galactic Stock Yo-Yoed Up Another 6% This Morning
Shares of Virgin Galactic (NYSE: SPCE) were bouncing back today to where they were Monday, gaining nearly 6% in early trading and still up a respectable 3% as of 12:25 p.m. EDT on Thursday. Virgin Galactic isn't likely to make its first revenue-generating spaceflight for at least three more months, and won't report new financial numbers until next month. If investors believe that Virgin Galactic could be worth nearly twice what it costs today, and at the very least is worth $20, they may decide that any price below $20 makes it safe to invest in Virgin Galactic.
