Virgin Galactic Has Fallen; Future Liftoff Possible?
January 16 2022 - 10:29AM
TipRanks
Remember Virgin Galactic (SPCE)? That's right, the first company to
send civilian astronauts to space is back in the headlines.
However, this time it's for a far less exciting reason. Last week,
SPCE announced a multi-hundred-million-dollar convertible note
offering, and investors acted in kind by selling off shares. The
stock dropped almost 19% over the course of the intraday trading
session, although now that the dust has cleared, analysts are ready
to be bullish.
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Virgin Galactic (NYSE:SPCE)
Historical Stock Chart
From May 2022 to Jun 2022
Virgin Galactic (NYSE:SPCE)
Historical Stock Chart
From Jun 2021 to Jun 2022