Streetbeat News

SPCE

Virgin Galactic Holdings, Inc.

https://www.virgingalactic.com

Industry

Aerospace & Defense

Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The company serves private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. was founded in 2017 is headquartered in Las Cruces, New Mexico. Virgin Galactic Holdings, Inc. was a former subsidiary of Virgin Orbit Holdings, Inc.

Open

6.60

Mkt cap

195M

Volume

1.3M

High

6.95

P/E Ratio

-0.42

52-wk high

54.60

Low

6.59

Div yield

N/A

52-wk low

5.26

An option alert has been issued for Virgin Galactic Holdings, with a sweep of 500 calls for January 2025 at $4.5 near the ask price of $0.54. This is compared to an open interest of 56. The company's earnings report is expected on November 2nd after market close. The reference price is $2.1183.

Portfolio Pulse from Charles Gross

September 11, 2023 | 4:55 pm

Several US stocks recorded losses on Monday despite the overall market trading higher. Notable decliners include IHS Holding Limited, Granite Ridge Resources, Puyi Inc., Butterfly Network, Madrigal Pharmaceuticals, FuelCell Energy, Virgin Galactic Holdings, Marathon Digital Holdings, The J. M. Smucker Company, SmartRent, Pharvaris N.V., Vertical Aerospace, RTX Corporation, and VinFast Auto Ltd.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 2:22 pm

Elon Musk is facing criticism from Ukraine for barring access to Starlink, a part of SpaceX, during a critical Ukrainian offensive against Russia last year. Musk stated that he did not want to be complicit in a major act of war and conflict escalation. On the other hand, Russia is praising Musk’s decision. The incident has been significant in the war in Ukraine, aiding Ukraine’s advances, though they have been curtailed by Musk’s insistence that it not be used for offensive operations into Russia.

Portfolio Pulse from Navdeep Yadav

September 09, 2023 | 3:22 am

Virgin Galactic Holdings, Inc. (NYSE:SPCE) has successfully completed its fourth spaceflight in four months, and its second private astronaut flight, 'Galactic 03'. The mission carried three of Virgin Galactic's first customers. The company's next commercial spaceflight, 'Galactic 04', is planned for early October.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:12 pm

John Hempton, founder and CIO at Bronte Capital, criticized Chamath Palihapitiya, known as the 'SPAC King', over his past dealings. The criticism was in response to a tweet by Palihapitiya praising 'disagreeable' individuals in the start-up space. Hempton's comments refer to Palihapitiya's past SPAC activities, including the public listing of Virgin Galactic Holdings Inc (NYSE:SPCE), which left some investors with significant losses. Despite the collapse of numerous SPACs he championed, Palihapitiya remains unrepentant and continues to find investments.

Portfolio Pulse from AJ Fabino

September 05, 2023 | 8:59 pm

Virgin Galactic has announced that the flight window for 'Galactic 03' will open on September 8, 2023. This marks the company's fourth spaceflight in four months, maintaining a monthly cadence of spaceflights.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 10:50 am

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.

Portfolio Pulse from Ryan Gustafson

August 24, 2023 | 8:29 pm

Investor Chamath Palihapitiya, known for his SPAC deals, has faced criticism as the valuations of several companies he took public have crashed. One such company is Virgin Galactic Holdings (NYSE:SPCE), which went public in 2019 in a SPAC merger anchored by Palihapitiya’s Social Capital Hedosophia Holdings Corp. After its stock climbed in 2019 through 2021, shares have fallen significantly and Palihapitiya has distanced himself from the company. He stepped down as chairman of Virgin Galactic in 2022 and sold a large position in the company.

Portfolio Pulse from Chris Katje

August 23, 2023 | 9:43 pm

Virgin Galactic Holdings Inc (NASDAQ:SPCE) shares are trading lower by 2.8% to $3.15. The stock has fallen roughly 9% over the past five sessions following the company's successful seventh spaceflight last week. The flight marked the first-ever launch of tourists into orbit. Despite this, the company's stock has been on a downward trend.

Portfolio Pulse from Henry Khederian

August 14, 2023 | 6:34 pm

The article reports on the recent options activity in the Industrials sector, highlighting the trades made by 'whales' or entities with large sums of money. The stocks mentioned include UPS, SPCE, JBLU, GE, AAL, BLNK, AZUL, BA, HRI, and HON. The sentiment associated with these trades varies from neutral to bullish or bearish, potentially indicating the expected direction of the stock price.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:35 pm

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