What's Going On With Virgin Galactic (SPCE) Stock Tuesday?
Portfolio Pulse from Erica Kollmann
Virgin Galactic (SPCE) shares are trading higher on Tuesday, continuing momentum from last week's announcement of the company's first commercial spaceflight, Galactic 01, scheduled between June 27 and June 30. The second commercial spaceflight is expected in early August, with regular monthly spaceflights thereafter.
June 20, 2023 | 4:36 pm
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Virgin Galactic's stock is trading higher due to the announcement of its first commercial spaceflight, Galactic 01, and the expectation of regular monthly spaceflights starting in August.
The announcement of Virgin Galactic's first commercial spaceflight, Galactic 01, and the expectation of regular monthly spaceflights starting in August have generated positive momentum for the company's stock. This news directly impacts the company's growth prospects and investor sentiment, leading to a higher stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100