What Caught Our Attention in the Investment World? – Week of May 24-28, 2021

By Kuldip K. Ambastha

Virgin Galactic Holdings, Inc. (SPCE) had two impressive trading day returns in the past trading week. On Monday, May 24, 2021, the stock had a +27.6% return. Over the past weekend, the company had its first successful test flight to space in over two years. Also, on Thursday, May 27, 2021, the stock had a +15.1% return. Bullish new Wall Street equity research coverage drove this return for the trading day. If Virgin Galactic Holdings can continue to have successful test flights in the future plus bring down costs, space tourism may become a mainstream part of people’s lives going forward.

Keywords – Virgin Galactic Holdings, Inc., Virgin Galactic Holdings, Virgin Galactic, Virgin, Virgin Group, Sir Richard Branson, Richard Branson, test flight, space, space tourism, Wall Street, equity research, revenues, costs.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in SPCE.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.

Leave a Reply

Your email address will not be published. Required fields are marked *