Why Virgin Galactic Stock Bounced Back on Tuesday
Shares of Virgin Galactic (NYSE: SPCE) rose 2.3% through 11 a.m. ET Tuesday, recovering a bit after two days of declines sparked by a big price target cut at Truist Bank.
An off-hand remark by a NASA official, reported yesterday by Gizmodo, appears to be the catalyst for investors giving Virgin Galactic stock another look.
If you recall, on Wednesday of last week, Virgin Galactic announced Nov. 2 as the date for its upcoming Galactic 05 space tourism flight. The company described Galactic 05 as not only its sixth crewed spaceflight in six months but also as its second "space research mission," carrying a trio of scientists, including former NASA Associate Administrator Alan Stern.
Source Fool.com
