What's Going On With Virgin Galactic (SPCE) Stock Wednesday?
Portfolio Pulse from Erica Kollmann
Virgin Galactic (SPCE) shares are pulling back on Wednesday after rallying in recent sessions due to the announcement of its first commercial space flight, Galactic 01, expected to launch between June 27 and June 30. The stock has seen increased retail investor attention and was among the top trending stocks on Reddit's r/wallstreetbets.
June 21, 2023 | 3:33 pm
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Virgin Galactic shares are experiencing a pullback after rallying due to the announcement of its first commercial space flight. The stock has gained attention from retail investors.
Virgin Galactic shares are pulling back after a recent rally due to the announcement of its first commercial space flight. The stock has gained attention from retail investors, particularly on Reddit's r/wallstreetbets, which can lead to increased volatility. The pullback suggests that the recent rally may be losing steam, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100