Virgin Galactic shares are trading higher as high-short interest stocks gain amid the return of trader 'Roaring Kitty' to social media.
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic shares are experiencing an uptick as stocks with high short interest see gains, driven by the return of notable trader 'Roaring Kitty' to social media.
May 14, 2024 | 11:15 am
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Virgin Galactic's stock is trading higher, influenced by the broader market movement of high-short interest stocks and the return of 'Roaring Kitty' to social media.
The return of 'Roaring Kitty', a trader known for influencing significant market movements, especially among stocks with high short interest, has a direct positive impact on Virgin Galactic's stock (SPCE). Given the historical context of 'Roaring Kitty's' influence on the market, this return is likely to attract increased attention and potentially speculative trading towards SPCE, driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100