What's Going On With Virgin Galactic Holdings Stock?
Portfolio Pulse from Ryan Gustafson
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down nearly 30% since the company reported its Q2 earnings in early August. Despite beating analyst consensus estimates for both losses per share and sales, the stock has continued to trend lower.
August 24, 2023 | 8:29 pm
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Virgin Galactic's stock is down nearly 30% since its Q2 earnings report, despite beating analyst estimates. The stock continues to trend lower.
Virgin Galactic reported better than expected Q2 earnings, with losses per share and sales beating analyst consensus estimates. However, the stock has trended lower since the report, indicating that despite the positive earnings, other factors may be influencing investor sentiment and driving the stock price down.
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