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

The SEC has sued Matthew Brown for a fraudulent $200 million offer to save Virgin Orbit Holdings, Inc. (NASDAQ:VORBQ). Brown allegedly fabricated a bank statement and falsely claimed to be an experienced venture capitalist. Virgin Orbit's stock surged by 33% following the offer but fell after the deal collapsed. Virgin Orbit filed for Chapter 11 bankruptcy in April last year.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 6:04 pm

The article highlights significant options activity in the Industrials sector, focusing on trades involving companies like UBER, RKLB, UPS, POWL, CAT, GEV, SPCE, VRT, and URI. These activities include both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 5:35 pm

Ovid Therapeutics shares dropped 65.7% after Takeda's Skyline study in Dravet syndrome missed its primary endpoint. Other notable stock movements include Interactive Strength, Mustang Bio, Allego, and Scinai Immunotherapeutics among gainers, and Aerovate Therapeutics, Kaival Brands Innovations, and Workhorse Group among losers.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 5:21 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower after a 1-for-20 reverse stock split aimed at meeting NYSE's minimum bid price requirement. Despite a successful spaceflight on June 8, the stock has fallen over 40% in the past month. Analysts have mixed ratings with an average 12-month price target of $1.67.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 2:32 pm

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are trading lower, down over 20% in the past five days. The company announced a 1-for-20 reverse stock split to meet NYSE's minimum bid price requirement. The stock is trading below its 50-day moving average and hit a new 52-week low. Analysts have mixed ratings with an average 12-month price target of $1.67.

Portfolio Pulse from Erica Kollmann

June 14, 2024 | 3:13 pm

Signet Jewelers Limited (NYSE:SIG) shares fell over 12% due to mixed first-quarter earnings, including a significant drop in same-store sales. The company reported a 9.5% year-on-year sales decline, missing analyst estimates, but beat EPS expectations. Other stocks mentioned include BioRestorative Therapies, Zapp Electric Vehicles, Sharps Technology, and Broadcom, among others, with various gains and losses based on recent announcements and earnings reports.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 6:07 pm

Virgin Galactic Holdings Inc (NYSE:SPCE) shares are trading lower after the company announced a 1-for-20 reverse stock split, effective June 14. The split aims to increase the stock price to meet NYSE's minimum bid price requirement.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 1:17 pm

Virgin Galactic shares are trading lower after the company's board approved a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:15 pm

Broadcom Inc. (NASDAQ:AVGO) shares surged 13.5% in pre-market trading after posting strong Q2 results, declaring a $5.25 quarterly dividend, and announcing a 10-for-1 stock split. The company also raised its FY 2024 revenue guidance to $51 billion. Other notable pre-market movers include Neo-Concept International Group Holdings Limited (NASDAQ:NCI), Fangdd Network Group Ltd. (NASDAQ:DUO), and Grupo Supervielle S.A. (NYSE:SUPV) among gainers, and Assure Holdings Corp. (NASDAQ:IONM) and DDC Enterprise Limited (NYSE:DDC) among losers.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 12:16 pm

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) reported disappointing Q1 results, leading to a 10.6% drop in pre-market trading. Other stocks experiencing losses include J.Jill, Inc. (NYSE:JILL), Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Virgin Galactic Holdings, Inc. (NYSE:SPCE), ZKH Group Limited (NYSE:ZKH), Jack in the Box Inc (NASDAQ:JACK), and Toyota Motor Corporation (NYSE:TM).

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 9:51 am

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