What's Going On With Virgin Galactic Stock?
Portfolio Pulse from Erica Kollmann
Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are soaring on heavy trading volume despite a lack of company-specific news. The stock is trending on Yahoo Finance and Stocktwits, driven by retail trader interest and high short interest. The company's next spaceflight is scheduled for June 8, 2024, and it remains on track for commercial service in 2026.
May 28, 2024 | 5:58 pm
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POSITIVE IMPACT
Virgin Galactic shares are up 20% on heavy trading volume, driven by retail interest and high short interest. The company's next spaceflight is scheduled for June 8, 2024, and it remains on track for commercial service in 2026.
The significant increase in trading volume and retail interest, combined with high short interest, is driving the stock price up. The upcoming spaceflight and the company's progress towards commercial service add to the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100