What's Going On With Virgin Galactic Stock?
Portfolio Pulse from Ryan Gustafson
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares traded higher on Wednesday, adding to the week's gains. The company announced details for its second commercial flight, 'Galactic 02', set to launch on August 10. The flight will carry three private passengers, including an Olympian and a mother-daughter duo who won their seats in a draw. Virgin Galactic is also set to report earnings on August 1, with an expected loss of 51 cents per share on revenue of $2.52 million.
July 19, 2023 | 9:34 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Virgin Galactic's announcement of its second commercial flight and upcoming earnings report has led to a rise in its share price.
The announcement of Virgin Galactic's second commercial flight indicates progress in its business operations, which is likely to be viewed positively by investors. Additionally, the upcoming earnings report, despite the expected loss, provides an opportunity for the company to share updates and future plans, potentially influencing its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100