Virgin Galactic shares are trading lower following a report suggesting founder Richard Branson will not put any more money into the company.
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic's stock is trading lower after reports that founder Richard Branson will not invest further in the company.

December 04, 2023 | 2:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Virgin Galactic's shares are expected to face downward pressure in the short term due to the news of Richard Branson not planning to invest more money into the company.
The news of a founder not investing further can lead to a lack of confidence among investors, potentially causing a short-term decline in the stock price. Richard Branson's decision not to put more money into Virgin Galactic could be interpreted as a lack of commitment or belief in the company's future success, which may negatively impact investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100