Why Virgin Galactic Stock Just Popped 6%
On Monday morning, StreetInsider.com reported that Alembic Global Advisors had initiated coverage of the company with an overweight rating. Well to begin with, no one seems to have any details about precisely why Alembic likes Virgin Galactic. Fact is, Alembic is heard from so infrequently that we at The Motley Fool have only had occasion to mention it once before in the past 10 years, in the context of a little chemicals company it recommended buying back in 2014.
