Why Virgin Galactic Are Trading Lower By Around 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Virgin Galactic shares are trading lower by around 18% in pre-market trading. Other stocks moving pre-market include gainers Castellum, OncoSec Medical, Conformis, Nuvve Holding, Surgalign Holdings, VIQ Solutions, Lifetime Brands, Trupanion, Beneficient, and Sonnet BioTherapeutics, and losers Spark Networks, Aeglea BioTherapeutics, ShiftPixy, Biodexa Pharmaceuticals, LumiraDx, Tempo Automation, Singularity Future Technology, Skillz, and Biofrontera.
June 23, 2023 | 12:14 pm
News sentiment analysis
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NEGATIVE IMPACT
Virgin Galactic shares fell 17.5% to $4.39 in pre-market trading after the company filed for a mixed shelf.
Virgin Galactic's stock price is likely to be negatively impacted in the short term due to the company filing for a mixed shelf, which may lead to dilution of existing shares and increased supply in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100