Friday, January 21, 2022

What is behind the fall of Virgin Galactic Holdings Inc. (SPCE) stock?

Virgin Galactic Holdings (NYSE: SPCE) founder has recently sold over $150 million worth of SPCE stock, with share price ranging between $26.85 and $28.73. However (SPCE) shares were falling -4.95% to trade at $25.36 in pre-market at the last check.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Virgin Galactic had aimed to initiate space tourism by the end of last year, but pandemic-related delays as well as hindrance due to mechanical testing issues has further pushed back that timeline. SPCE saw a 3.49% plummet adjacent to the news about SPCE problems with hundreds of clients already signed up for a trip around space, costing $250,000.

Now what


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


5.584 million shares of Virgin Galactic were sold by Branson and several entities related to Virgin holding, for total proceeds of $150.3M. Virgin Galactic went public in 2019 through a merger with a special purpose acquisition company in affiliation with Chamath Palihapitiya. Chairman of Virgin Galactic, Chamath Palihapitiya sold approximately 6.2 million sharesat a price of $34.32 per stock, obtaining $213 million, last month. Virgin Galactic was also left by chief space officer George Whitesides, who was once chief of staff at NASA, who left to pursue potential opportunities in public service.

Recently, Virgin Galactic also released “VSS Imagine,” its second spacecraft, and the first of its next-generation class of vehicles in its fleet.

“For us to make the business start to scale, at the places that we’re aspiring towards, we need two things: We need many more ships than we have right now and we also need the ships that we bring forward to be built in a way that they’re able to be maintained in a way that we can have much quicker [turnaround times between flights] than what we have with Unity,” stated Colglazier, Virgins chief executive.

SPCE is striving for commercialization and development of the spacecraft that it plans to use to fly people to the edge of space however several setbacks like electromagnetic interference caused problems for the spacecraft, with the next attempt expected to be in May.

Conclusion

SPCE operates in the lucrative field of space tourism with hundreds of clients ready to take a trip around the edge of space for approximately 250,000. However, a combination of pandemic related delays as well as mechanical issues present in SPCE aircrafts has reduced investor interest with the stock plummeting 4.95% at the last check.

Latest news

Here’s the Reason of Sonoma Pharmaceuticals, Inc. (SNOA) Stock Gaining Momentum in Aftermarket.

Sonoma Pharmaceuticals, Inc. (SNOA) is an innovative and leading global brand engaged in the development of stabilized hypochlorous acid products for different applications including...

Looking Under The Hood: What’s Happening To Bee Vectoring Technologies (BEVVF) Stock

Bee Vectoring Technologies International Inc (BEVVF) closed up 24.71 percent on Wednesday at $0.3280, and has been trading in a day range of $0.2721...

Best cannabis stock investment could lead to great profits in the near future

In recent months, there has been much debate about which are the best cannabis stocks. There are several states where recreational marijuana is legal,...

Stealth BioTherapeutics Inc. (MITO) stock rose during after-hours, provided no current update.

Stealth BioTherapeutics Inc. (NASDAQ: MITO) stock plunged by 3.57% at last close whereas the MITO stock price gains by 6.17% in the after-hour trading...

Related news

Here’s the Reason of Sonoma Pharmaceuticals, Inc. (SNOA) Stock Gaining Momentum in Aftermarket.

Sonoma Pharmaceuticals, Inc. (SNOA) is an innovative and leading global brand engaged in the development of stabilized hypochlorous acid products for different applications including...

Looking Under The Hood: What’s Happening To Bee Vectoring Technologies (BEVVF) Stock

Bee Vectoring Technologies International Inc (BEVVF) closed up 24.71 percent on Wednesday at $0.3280, and has been trading in a day range of $0.2721...

Best cannabis stock investment could lead to great profits in the near future

In recent months, there has been much debate about which are the best cannabis stocks. There are several states where recreational marijuana is legal,...

Stealth BioTherapeutics Inc. (MITO) stock rose during after-hours, provided no current update.

Stealth BioTherapeutics Inc. (NASDAQ: MITO) stock plunged by 3.57% at last close whereas the MITO stock price gains by 6.17% in the after-hour trading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam