Why Virgin Galactic Stock Finally Took Off Today

Rich Smith, The Motley Fool
·2-min read
Why Virgin Galactic Stock Finally Took Off Today

After a month in which it seemed like space tourism Virgin Galactic Holdings (NYSE: SPCE) stock could go nowhere but down, things are finally turning around. The past week's news has been uniformly bad for Virgin Galactic, which hasn't been able to issue much in the way of positive PR of its own, and just suffered the negative headlines of seeing first its own founder, and then a highly respected tech investor, dump its shares on the market. Granted, Virgin Galactic still has no revenue, and no profits with which to entice investors.