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.
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